FoSDA’s role is to enable the power of financial markets to address environmental and social issues through the provision of high quality, comprehensive data. The availability and quality of that data depends partly on disclosure standards.
FoSDA was pleased to respond to EFRAG’s recent consultation on European Sustainability Reporting Standards (ESRS). In responding, we emphasized three, key principles:
- That policymakers, regulators and standard-setters should focus on the material needs of decision-makers when considering action or guidance.
- That standards and frameworks should be aligned to improve quality and interoperability, and
- That recommendations should foster a competitive and innovative sustainable data ecosystem.
There was much to commend in EFRAG’s consultation, but some areas – particularly around ISSB alignment – where we suggested improvements. A letter summarizing our response is available on FoSDA’s publications page.
