22/06/2022 - EFRAG confirmed in its role of sustainability reporting technical advisor to the EC
On Tuesday 21 June, the Council and the European Parliament reached a provisional agreement on the European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) which envisages the adoption of EU sustainability reporting standards. EFRAG welcomes the confirmation of its role as technical advisor to the European Commission in the sustainability reporting field.
Yesterday, the Council and the European Parliament reached a provisional agreement on the European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD). The proposal aims – over time – to bring sustainability reporting on a par with financial reporting.
EFRAG Board President, Jean-Paul Gauzès, welcoming the provisional agreement on the CSRD and the confirmation of the role for EFRAG commented:
« It is an honour to leave EFRAG, after two mandates as EFRAG Board President, on a such positive note. I am very grateful for the trust and confidence the EC has put into EFRAG and me personally in preparing the way for future European Sustainability Reporting Standards.
Since receiving its mandates in 2020 from Commissioner Dombrovskis, and in 2021 from Commissioner McGuinness, EFRAG is actively working in the sustainability reporting field.
While the Project Task Force led by Patrick de Cambourg focused on the standard-setting work, I personally supervised the governance reform to integrate the sustainability reporting standard setting activities into the structure of EFRAG.
EFRAG aims at producing standards tailored to EU policies, while building on and contributing to international standardisation initiatives.
I wish to express my gratitude to all colleagues and staff that have supported me in my role, and which have thus enabled EFRAG to open up to new perspectives and new challenges. »
Read more about EFRAG’s work on sustainability reporting here.
Download the press release here.
