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Postponement of deadlines within the Accounting Directive for the adoption of certain ESRS

Banking and financial services

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Public consultation

ID: 14012

Lobbying Activity

36 responses

Consultation response

Transport and Environment (European Federation for Transport and Environment), 14 Dec 2023

T&E strongly believes that the development and adoption of sector-specific standards is crucial to help companies in their materiality assessment, reducing costs and making the reporting processes easier, while ensuring investors have access to meaningful information and auditors exercise is…

Consultation response

EUROPEAN TRADE UNION CONFEDERATION, 21 Nov 2023

The development of high-quality sector-specific European Sustainability Reporting Standards is necessary to ensure that companies report on sector-specific topics and metrics of relevance to workers, communities, consumers and the environment. Many sectors are characterized by specific risks and…

Consultation response

WWF European Policy Programme, 18 Dec 2023

The European Commission has proposed to delay from 2024 to 2026 the adoption of sector-specific standards (ESRS Set 2) in the Corporate Sustainability Reporting Directive (CSRD) for companies sustainability reporting. I. The Commissions delaying proposal is counterproductive : it will increase not…

Consultation response

Bureau Européen des Unions de Consommateurs, 15 Dec 2023

BEUC, the European Consumer Organisation, disagrees with the Commission's proposal to postpone by two years the sector-specific sustainability reporting standards that the Corporate Sustainability Reporting Directive (CSRD) requires. The growing number of sustainability-conscious consumers in…

Consultation response

Eurogroup for Animals, 11 Dec 2023

Eurogroup for Animals notes the Commissions proposal on the postponement of deadlines under the Accounting Directive for the adoption of European Sustainability Reporting Standards (ESRS). We hope the postponement provides sufficient time to develop high-quality ESRS, including on animal welfare.…

Consultation response

DHL Group, 13 Dec 2023

As DHL Group, we express our appreciation for the Commission's decision to postpone the implementation of sector-specific standards within the CSRD until June 2026. This extension grants EFRAG additional time to develop relevant disclosure requirements, a move we firmly support. We strongly…

Consultation response

Third Generation Environmentalism Ltd, 18 Dec 2023

E3G welcomes the possibility to respond to the open consultation launched by the European Commission on the postponement of sector-specific ESRS. We acknowledge the European Commissions commitment to establish a balanced regulatory framework for corporate sustainability reporting, targeted at…

Consultation response

Environmental Coalition on Standards, 7 Dec 2023

ECOS recognizes the Commission's commitment to reducing regulatory burdens while fostering long-term competitiveness. Nevertheless, delaying the implementation of sector-specific standards will not alleviate the reporting burden, making this proposal counterproductive. In the attached document, we…

Consultation response

Frank Bold Society, 14 Dec 2023

Frank Bold welcomes the opportunity to provide feedback on the decision to postpone the draft Delegated Acts on the Sector Specific ESRS. Our response reflects the concerns discussed among members of the Alliance for Corporate Transparency, and its partners from business and investors communities.…

Consultation response

PwCIL, 19 Dec 2023

PwC International Ltd (PwC), on behalf of the PwC network, is pleased to provide feedback on the European Sustainability Reporting Standards (ESRS) - proposed postponement of deadlines. Please find our full response and recommendations in the document attached.

Consultation response

Clean Clothes Campaign / Stichting Schone Kleren Kampagne, 11 Dec 2023

There is an urgent need for high-quality sector-specific European Sustainability Reporting Standards. Human rights abuses and environmental impacts in high-risk sectors are of an intensity that does not warrant delays. Furthermore, the lack of guidance in sector-specific standards while still…

Consultation response

Stichting Fair Trade Advocacy Office, 19 Dec 2023

The Fair Trade Advocacy Office (FTAO) welcomes the European Commissions legislation on Corporate Sustainability Reporting. We believe that this is an important step towards accountability, transparency and responsible business conduct. Both the garment sector and agricultural sector have a high…

Consultation response

Deutsches Aktieninstitut, 19 Dec 2023

Dear Madam, Dear Sir, As association of German listed and capital markets-oriented companies, Deutsches Aktieninstitut represents almost 90 percent of the DAX-market capitalization. We welcome the opportunity to comment on the Proposal for a decision amending Directive 2013/34/EU as regards the…

Consultation response

EuropeanIssuers, 19 Dec 2023

EuropeanIssuers represents the interests of publicly quoted companies across 15 European countries, covers markets worth 7.6 trillion market capitalisation, with approximately 8,000 companies. With this regard, EuropeanIssuers welcomes the Proposal for a decision amending Directive 2013/34/EU,…

Consultation response

Accountancy Europe, 12 Dec 2023

Accountancy Europe strongly supports ECs efforts to transition EUs economy for a sustainable future. Sustainability reporting is one of the many necessary supporting tools to make this ambition a reality. Our suggestions below are intended to reinforce this objective. Equivalence between…

Consultation response

Institutional Investors Group on Climate Change, 18 Dec 2023

Disclosure remains the foundation of the EUs Sustainable Finance Action Plan, and the ESRS are an essential component of this. They establish the parameters for the detailed, credible and comparable reporting needed by investors to assess their exposures to climate-related risks and opportunities,…

Consultation response

Ellen MacArthur Foundation, 19 Dec 2023

The EU Commission has proposed a two-year postponement in the adoption of the sector-specific European Sustainability Reporting Standards (ESRS). This proposal aims to reduce the reporting burdens on companies and minimise costs, without undermining policy objectives. However, delaying the…

Consultation response

Mouvement Impact France, 18 Dec 2023

The reform of the European Union's legal framework for corporate extra-financial reporting (CSRD), supplemented by the adoption of sector-agnostic sustainability standards, applies to companies in all sectors and requires the adoption of additional sector-specific sustainability standards by 2024.…

Consultation response

Assogestioni - Italian Investment Management Association, 19 Dec 2023

Assogestioni strongly believes in the need of a regulatory framework that can ensure that sustainability reporting standards for companies are complete, clear and useful in identifying and assessing the impact of their activities on workers, communities, consumers and the environment, impacts often…

Consultation response

Reclaim Finance, 6 Dec 2023

Regarding the proposal, Reclaim Finance underlines that: 1) The development and adoption of sector-specific standards for high impact sectors must be prioritised in order to provide clarity for companies in these industries on what must be reported for their particular risks and impacts. The…

Consultation response

Verband Öffentlicher Versicherer, 15 Dec 2023

The Association of German Public Insurers welcomes the initiative of the European Commission to lower the reporting obligations for companies by 25 per cent. With this in mind, the public insurers are in favour of the proposal to postpone the application of the sector-specific European…

Consultation response

Deutscher Steuerberaterverband e.V., 18 Dec 2023

Der Deutsche Steuerberaterverband e.V. (DStV) begrüßt den im KMU-Entlastungspaket angekündigten Vorschlag der EU-Kommission für einen Beschluss zur Änderung der Richtlinie 2013/34/EU im Hinblick auf die Fristen für den Erlass der Standards für die Nachhaltigkeitsberichterstattung für bestimmte…

Consultation response

Bundesverband der Deutschen Süßwarenindustrie, 21 Nov 2023

Wir danken für die Möglichkeit, zur geplanten Verlängerung der Frist für den Erlass sektorspezifischer Europäischer Standards für die Nachhaltigkeitsberichterstattung (ESRS) im Wege delegierter Rechtsakte durch die Kommission nach Artikel 29b Absatz 1 Unterabsatz 3 auf den 30. Juni 2026 (statt 30.…

Consultation response

EUROSIF A.I.S.B.L (EUROPEAN SUSTAINABLE INVESTMENT FORUM), 19 Dec 2023

Eurosif welcomes this consultation and provides a full response in the document attached. Please find below a summary of Eurosifs response: Robust and comparable sustainability-related disclosures are an essential prerequisite to mobilise finance towards the just transition to a net zero economy.…

Consultation response

CDP Worldwide (Europe) gemeinnützige GmbH, 19 Dec 2023

CDP evidence shows the importance of sector-specific information for investors. Since 2018 CDP has been requesting companies to fulfil sector-specific questions based on their primary activities. The move towards sector-specific questions was called for by investors to enable easier and more…

Consultation response

Natural Resource Governance Institute, 15 Dec 2023

NRGI envisions a world where natural resources enable fair, prosperous and sustainable societies, instead of undermining them. Given that Environmental, Social and Governance reporting is essential to this goal we have closely followed the development of the European sustainability reporting…

Consultation response

Business Human Rights Resource Centre, 14 Dec 2023

Business and Human Rights Resource Centre is concerned about the recent proposal to delay the adoption of sector-specific standards, particularly for the mining industries. As pressure intensifies to extract the minerals critical for the global energy transition, human rights abuses remain a…

Consultation response

Fairtrade Labelling Organizations International e.V., 19 Dec 2023

European sustainability reporting standards (ESRS) postponement of deadlines under the Accounting Directive Fairtrade International welcomes the opportunity to give feedback on the proposal to delay the adoption of sector-specific standards related of the Corporate Sustainability Reporting…

Consultation response

European Confederation of Directors' Associations, 18 Dec 2023

ecoDa is concerned about the ability of European companies targeted by the CSRD to meet all the legal requirements that will be imposed on them in an excessively short period of time. However, groups well advanced in sustainability reporting have indeed expressed a view that the overall…

Consultation response

Stichting B Lab Europe, 19 Dec 2023

B Lab recommends that EFRAG resumes its work on sector-specific standards and makes them available to companies. As a sustainability certification standard-setter, our track record of almost 20 years in engaging with companies which have no antecedents in corporate sustainability indicates that…

Consultation response

International Federation for the Economy for the Common Good e. V., 18 Dec 2023

The Economy for the Common Good (ECG) welcomes the opportunity to comment on the European Commission´s (EC) proposal for a decision of the European Parliament and of the Council amending Directive 2013/34/EU (Accounting Directive) referred to above, regarding the adoption date of European…

Consultation response

European Confederation of Institutes of Internal Auditing, 18 Dec 2023

European Sustainability Reporting Standards: Postponement of deadlines under the Accounting Directive: ECIIA views We thank the opportunity to share our views on delaying the adoption of the specific standards (in the context of the EU Corporate Sustainability Reporting Directive), until 2026.…

Consultation response

Initiative for Responsible Mining Assurance, 15 Dec 2023

The Initiative for Responsible Mining Assurance is tracking development of sector-specific European Sustainability Reporting Standards (ESRS) for the mining sector under EFRAG and their proposed delay. We urge the European Commission to adopt a robust standard for the mining sector paired with…

Consultation response

Investor Alliance For Human Rights, 18 Dec 2023

Investors have been anticipating the forthcoming release of sector-specific European Sustainability Reporting Standards and are eager to avoid any further delay in their release. We urge the European Commission to consider our following recommendations: Finalization and adoption of the standards…

Consultation response

Vereinigung Rohstoffe und Bergbau e. V., 14 Dec 2023

The European Commission committed itself to reducing burdens associated with reporting requirements by 25%. In order to relieve undertakings subject to reporting requirements, the Commission plans to give them sufficient time to prepare for any new reporting requirements. The proposal to amend…

Consultation response

, 25 Oct 2023

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