From Tim Mohin’s newsletter – an overview of the just-released European Financial Reporting Advisory Group (EFRAG) first set of Draft European Sustainability Reporting Standards (ESRS). As Tim explained in their newsletter from last Friday, “these 13 new standards are intended to shape the new Corporate Sustainability Reporting Directive (CSRD), and will influence all European and non-European companies that do business in the EU.”
Tim also pointed out that there are now
“… three massive ESG disclosure proposals open simultaneously. The combined page count from the SEC, the ISSB, and EFRAG amounts to a whopping 1,041* pages!
U.S. SEC Proposed Rule on Climate-Related Disclosure
- Comment Period Deadline: May 20, 2022
- Page Count: 534*
- Proposed Rule
ISSB Exposure Drafts
- Comment Period Deadline: July 29, 2022
- Page Count: 112
- General Exposure Draft
- Climate Exposure Draft
EFRAG Draft European Sustainability Reporting Standards
- Comment Period Deadline: August 8, 2022
- Page Count: 395
- Exposure Drafts
Happy commenting!”
* Actually, the original 500+ page final SEC proposal was revised for Federal Register publication. The final final SEC proposal is a mere 491 pages and the total of the three documents is 998 pages. Members can view an annotated version of the final showing the changes from the original version here.
