10/03/2023 - EFRAG issues the set of Basis for conclusions for its first set of draft ESRS
EFRAG issues the set of Basis for conclusions to complement the first set of draft ESRS developed by the EFRAG SRB with the support of the EFRAG SR TEG. The first set of draft ESRS was submitted to the European Commission in November 2022. No comments are requested on the Basis for conclusions.
Each Basis for conclusions appear under the standard covers, click here to access them.
EFRAG now issues the set of Basis for conclusions ('BfC') to supplement the draft ESRS. The BfC accompanies but is not part of the draft ESRS and, as such, its content has no authoritative status.
It illustrates the objective and context of the draft standards, the process followed in their preparation, the reasons to include in the standards a disclosure requirement, when relevant the alternative considered, the references to other standard-setting initiatives or European or other relevant regulations and, where appropriate, the argument supporting the need for granular guidance.
