EFRAG publishes sustainability standards-setting rationale
For those taking a close interest in the development of the European Sustainability Reporting Standards, the European Financial Reporting Advisory Group (EFRAG) has published its ‘Basis for conclusions’ to supplement recent exposure drafts, currently out for consultation.
This provides the rationale behind its decisions, including the objective and context of the standards, the process followed, reasons to mandate – or reject – a disclosure requirement, and connections with other initiatives and regulations. EFRAG has published it as a useful source of information and reasoning for those who wish to comment on the exposure drafts, with responses due by 8 August 2022.
Read more here.