EFRAG publishes reports submitted to EC setting out recommendations on the development of EU sustainability reporting standards

EFRAG and EFRAG Board President Jean-Paul Gauzès had received following mandates from the European Commission (EC) in June 2020:

• A request for technical advice mandating EFRAG to undertake preparatory work for possible EU sustainability reporting standards; and
• An invitation to EFRAG Board President Jean-Paul Gauzès, to provide recommendations on the possible need for changes to the governance and funding of EFRAG if it were to become the EU sustainability reporting standard setter.

In response to the above mandate, EFRAG has now submitted the following reports to the EC:

• Report proposing a roadmap for the development of a comprehensive set of EU sustainability reporting standards. The report may be accessed here.
• Report by EFRAG Board President Jean-Paul Gauzès, proposing reforms to EFRAG's governance structure and funding, to ensure that future EU sustainability reporting standards are developed using an inclusive and rigorous process. The report may be accessed here.