Press release – Eurosif joins the EFRAG Sustainability Reporting Pillar

On 21 April 2021, the legislative proposal for a Corporate Sustainability Reporting Directive (CSRD) was released [link]. According to the proposal, the EFRAG would be the technical advisor to the European Commission to develop draft ESRS. On 21 January 2022, the revised EFRAG Statutes and internal rules were approuved during a General Assembly meeting. The Sustainability reporting pillar was created alongside the financial reporting pillar, mirroring its governance.

Eurosif is pleased to announce its involvement within the EFRAG Sustainability Reporting Pillar. In this crucial moment for sustainability, Eurosif is honoured to represent the voice of sustainable investors in the uttermost important EFRAG’s work on drafting European Sustainability Reporting Standards (ESRS).  

Eurosif and its members are very supportive of the mission given by the European Commission to the EFRAG to develop draft ESRS. Eurosif will work to ensure the double materiality principle and to clarify how the environmental and social impacts of companies in society and the financial materiality of environment and social risks are interrelated. The disclosure and access for investors to high-quality sustainability information is critical to ensure the transition of the European economy to meet the goals of the EU Green Deal and unleash the full potential of the EU Sustainable Finance Agenda.

Contact details

 Victor van Hoorn, Executive Director – victor.vanhoorn@eurosif.org

Marie Lavayssiere, Communication & Events Manager – marie.lavayssiere@eurosif.org