Accountancy Europe calls for stability in the EU sustainability reporting framework
Accountancy Europe calls for stability in the EU sustainability reporting framework
Accountancy Europe has published an article advocating for stability within the European Union (EU) sustainability reporting ecosystem. While acknowledging remaining imperfections, interpretation challenges, and areas lacking established practice, Accountancy Europe stresses the importance of allowing time for practices to mature through collective learning by preparers, users, assurance providers, and regulators.
As the European Commission (EC) prepares the Delegated Act, Accountancy Europe calls for stability in the EU sustainability reporting ecosystem and warns that further reductions could undermine the European Sustainability Reporting Standards’ (ESRS) ability to support the European Green Deal’s objectives. It also calls the EC to preserve the technical nature of the standard-setting process, to consider EFRAG’s due process and focus only on critical fixes while strengthening alignment with the International Sustainability Standards Board (ISSB) standards.
The article is available at the link.
As the European Commission (EC) prepares the Delegated Act, Accountancy Europe calls for stability in the EU sustainability reporting ecosystem and warns that further reductions could undermine the European Sustainability Reporting Standards’ (ESRS) ability to support the European Green Deal’s objectives. It also calls the EC to preserve the technical nature of the standard-setting process, to consider EFRAG’s due process and focus only on critical fixes while strengthening alignment with the International Sustainability Standards Board (ISSB) standards.
The article is available at the link.