European companies will not be able to comply with the International Sustainability Standards Board (ISSB) without undertaking additional reporting, according to the bloc’s updated reporting framework.
Draft papers published today reveal that the European Commission has affirmed the bulk of modifys to the European Sustainability Reporting Standards (ESRS) put forward by EU standard-setting body EFRAG in December – including the removal of 71 percent of disclosure data points and the introduction of significant reliefs for companies.
Leave a Reply