EFRAG calls for candidates for its Sustainability Reporting Financial Institution Advisory Panels

The EFRAG SR TEG is launching a call for candidates for the EFRAG Sustainability Reporting FI Advisory Panels, i.e., Banking, Capital Markets and Insurance. Candidates should complete the relevant online form:BankingCapital MarketsInsuranceby close of business on Monday, 31 July 2023.The objective of these advisory panels is to advise the EFRAG SR TEG on the development and maintenance of the sector-specific ESRS on financial institutions and in general to provide sector-specific input in EFRAG sustainability reporting activity, by regularly providing its views and technical inputs to the EFRAG SR TEG.The role, competencies, composition, and modus operandi of the EFRAG FI Advisory Panels are further described in the Terms of Reference (Banking;
Capital
Markets and Insurance).Consult the complete call for candidates here.

​The Corporate Sustainability Reporting Directive (CSRD) requires the adoption of EU Sustainability Reporting Standards (ESRS) to be developed by EFRAG, as technical advisor to the European Commission. In its role as technical advisor, EFRAG also needs to prepare sector-specific standards for sustainability reporting. 

In this context, EFRAG is setting up three advisory panels (SR Banking Advisory Panel; SR Capital Markets Advisory Panel and SR Insurance Advisory Panel) that will provide views and technical inputs to EFRAG SR TEG on the content of such draft sector-specific standards. These advisory panels will commence work by providing value chain guidance for these sectors based on the requirements in the sector-agnostic ESRS as published by the European Commission on 9 June 2023 with further changes still possible.

These advisory panels are expected to meet at least six times a year (including twice in-person), and to start its activities in September 2023.

The role, competencies, composition, and modus operandi of the EFRAG FI Advisory Panels are further described in the Terms of Reference (Banking; Capital Markets and Insurance).

Profile

The EFRAG FI Advisory Panels will have an intended size of 20 members and is expected to be drawn from a variety of business and geographical backgrounds, ethnic origins & gender including preparers, auditors/assurance providers, actuaries, users, academics, standard setters, civil society and other relevant stakeholders. The panels will also aim to have members with experience from the relevant subsectors as detailed.

Selection process

The selection will be based on the extent to which a candidate meets the profile described in the Terms of Reference, the ability to act in the European public interest & the absence of conflict of interests.

How to apply

Please submit applications by completing the relevant online form:

 by close of business on Monday, 31 July 2023. Please include a CV (to be uploaded as an attachment to the form) and, if applicable, a motivation letter and  support letters from organisation(s).

All candidates will be informed about their appointment or the outcome of their application within one month after EFRAG has made its decision.

Consult the complete call for candidates here.