GRI Welcomes ESRS Adoption

GRI Welcomes ESRS Adoption

The Global Reporting Initiative (GRI) announced that it has welcomed confirmation that the first set of ESRS has been adopted by the EU Commission with reassurance that existing GRI reporters will be well prepared to report under the ESRS. Under the EFRAG and GRI MoU, the two organizations joined each other’s technical expert groups and committed to share information, and for standard setting activities and timelines to be aligned as much as possible.
GRI has also entered a MoU with the IFRS, under which the two organizations have been working together since March 2022, to ensure that the standards from GRI and the ISSB are aligned and complementary.
The press release by GRI may be accessed here.