EU CSRD Draft Implementation Guidance For Climate Transition Plans Published – Key Points From The Guidance

This week, EFRAG published draft implementation guidance for transition plans for climate change mitigation (IG 4). Once finalized, IG 4 will provide support for undertakings required to report on their climate transition plans under the EU's Corporate Sustainability Reporting Directive.

For the uninitiated, EFRAG (the European Financial Reporting Advisory Group) is the technical adviser to the European Commission which developed the draft European Sustainability Reporting Standards under the CSRD. EFRAG's mission is to serve the European public interest in both financial and sustainability reporting by developing and promoting European views in the field of corporate reporting.