Global Reporting Initiative welcomes draft EU Sustainability Reporting Standards
May 4, 2022 /3BL Media/ - The publication of the exposure drafts for the new European Sustainability Reporting Standards (ESRS) have been welcomed by GRI, the world’s leading provider of standards on sustainability impacts.
Statement of Cooperation signed between Global reporting Initiative and EFRAG
July 9, 2021 /3BL Media/ - The announcement of a Statement of Cooperation between GRI and the European Financial Reporting Advisory Group (EFRAG) Project task Force sees both organizations agree to share technical expertise to co-construct new EU sustainability reporting standards and contribute to further global convergence.
By Andromeda Wood, Senior Director of Global XBRL Strategy, Workiva
The new proposals for the Corporate Sustainability Reporting Directive (CSRD) builds on the existing Non-Financial Reporting Directive (NFRD) and will apply to all large companies and all listed companies in the EU. This means an increase from 11,000 who were subject to existing requirements, to nearly 50,000 that will need to follow detailed EU sustainability reporting standards.