EFRAG publishes the set of Basis for Conclusions of its ESRS Exposure Drafts

EFRAG has released the set of Basis for Conclusions to supplement the European Sustainability Reporting Standards (ESRS) Exposure Drafts (EDs) issued in April 2022.

The Basis for Conclusions accompanies but are not a part of the EDs. It illustrates the objective and context of the draft standards, the process followed in the preparation of the EDs, the reasons to mandate a disclosure requirement, the references to other standard-setting initiatives or European or other relevant regulations and, where appropriate, the argument supporting the need for granular guidance, the disclosure requirements considered and finally not included in the EDs and how the content of the EDs relate to the future standard setting activity.

Comments are requested on the EDs by 8 August 2022. No comments are requested on the Basis for Conclusions.

The Basis for Conclusions may be accessed here.