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ARTICLE · 25 APRIL 2025

CSRD's ESRS Draft Work Plan Faces Rejection At Latest EFRAG Meeting

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On 15 April 2025, the sustainability reporting board ("SRB") of the European Financial Reporting Advisory Group ("EFRAG") failed to agree to an internal timeline for delivering advice to the European Commission...

United KingdomCorporate/Commercial Law
John Verwey
John Verwey
Rachel E. Lowe
Rachel E. Lowe
Sulaiman Malik
Sulaiman Malik
Michael Singh
Michael Singh
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On 15 April 2025, the sustainability reporting board ("SRB") of the European Financial Reporting Advisory Group ("EFRAG") failed to agree to an internal timeline for delivering advice to the European Commission on the simplification of the European Sustainability Reporting Standards ("ESRS"), which is at the centre of the Corporate Sustainability Reporting Directive's requirements.

To align with the current European Commission schedule for streamlining the corporate sustainability requirements, EFRAG was expected to deliver their work plan and internal timeline by 15 April, including a public consultation and with an end goal to provide final technical advice to the European Commission by 31 October. However, these already ambitious timelines may now be additionally squeezed.

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