22 November 2021

EFRAG: Proposed due process procedures for EU Sustainability Reporting Standard Setting – summary of the comments received

In June 2021, EFRAG launched a public consultation, seeking stakeholders input on its Proposed Due Process Procedures for EU Sustainability Reporting Standard Setting. Today’s summary report summarises the comments received.

Following the public consultation on the Proposed Due Process Procedures for EU Sustainability Reporting Standard Setting,  EFRAG publishes today an aggregation of the comments received in a summary report together with messages from the EFRAG Board President, Jean-Paul Gauzès, addressing  the due process during the interim work, the transition to the new governance structure, the due process of EFRAG’s financial reporting pillar and the cooperation with global sustainability reporting standard setters and initiatives. 

​EFRAG publishes a summary report of the comments received on Proposed Due Process Procedures for EU Sustainability Reporting Standard Setting. 

 EFRAG Board’s President Jean-Paul Gauzès provides his reactions on the main comments received and underlines that a transparent and robust due process is essential to ensure that future EU sustainability reporting standards are credible and developed in the public interest. He provides messages on  the due process during the interim work, the transition to the new governance structure, the due process of EFRAG’s financial reporting pillar and the cooperation global sustainability reporting standard setters and initiatives.

This report is not a formal feedback statement indicating how the comments have been taken into account. A feedback statement will be published when the EFRAG Administrative Board supported by its due process committee, has reviewed all comments received and decided on the Due Process Procedures for EU sustainability reporting standard setting enhanced with the suggestions received.

Download the summary report here.

EFRAG

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