22/12/2022 - EFRAG seeks candidates to join its new ESRS Digital Reporting Consultative Forum

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. The CSRD requires entities to prepare their management report in the European Single Electronic Format (ESEF) and that will include the information required by the final ESRS as adopted in the EU. 

In its role as technical advisor, EFRAG needs to prepare an XBRL taxonomy to define all reportable items reflected in the disclosure requirements of the ESRS in an XBRL format. 

In this context, EFRAG is setting up an ESRS Taxonomy Consultative Forum (ESRS DRCF) that will provide views and recommendations to EFRAG on the content and technology of the draft XBRL Taxonomy of the ESRS.  

The ESRS DRCF is expected to meet at least four times a year (including once in-person). The frequency, format and timing of meetings will be driven by the number and timing of taxonomy releases and how critical the topics are, on which the input from the ESRS DRCF is sought.

The ESRS DRCF is expected to start its activities in late February or early March 2023.

Profile

The ESRS DRCF may comprise between 15 to 20 members . Members are drawn from a variety of business and geographical backgrounds including: 

• members with professional experience as preparers of electronic financial or sustainability reports prepared using XBRL (like the European Single Electronic Format, ESEF); 
• members with professional experience as users of electronic financial or sustainability reports prepared using XBRL (analysts, data providers, rating agencies, etc.); and 
• subject matter experts (software providers, consultants, researchers, representatives of supervisory authorities, etc.).
  

Technical knowledge of the eXtensible Business Reporting Language (XBRL) is desirable, but not required.

Further information about the role, competencies, composition and modus operandi of the ESRS DRCF are described in its Terms of Reference. 

Selection process

The selection will be based on the extent to which a candidate meets the profile described in the Terms of Reference in terms of background, expertise and experience, and ability to act in the European public interest; the absence of conflict of interests as well as, to the extent feasible, a balance in nationality and gender. 

How to apply

Submissions, setting out the name and CV of a proposed candidate, should be sent, by Monday 23 January 2023, close of business, by email to EFRAG to the attention of Saskia Slomp, CEO of EFRAG at the following address: nominations@efrag.org. 

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