The IFRS Foundation and the European Financial Reporting Advisory Group (EFRAG) published, on Thursday 2 May, a guidance document to illustrate the high level of alignment achieved between the International Sustainability Standards Board’s (ISSB) IFRS Sustainability Disclosure Standards and the European Sustainability Reporting Standards (ESRS) for companies.
This publication provides practical support on how companies can effectively comply with both sets of standards. “I welcome today’s guidance that recognises the European Commission’s sensible approach to sustainability reporting, and a commitment to ensuring a very high degree of alignment between EU and international sustainability reporting standards”, said Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets, in a statement.
Section 1 addresses interoperability at the level of general reporting requirements including beyond climate. Sections 2, 3 and 4 address interoperability for climate-related disclosures from two perspectives.
The IFRS Foundation and EFRAG are organising a joint event on the subject on Thursday 23 May.
To read the document: https://aeur.eu/f/c26 (Original version in French by Anne Damiani)