The Commission issued its formal consultation on the ESRS with a number of proposed changes.
By Paul A. Davies, Michael D. Green, and James Bee
On 9 June 2023, the European Commission (Commission) issued its formal consultation on the European Sustainability Reporting Standards (ESRS). The ESRS represent the detailed standards which set out the disclosure requirements for companies required to report on sustainability-related impacts, risks, and opportunities under the EU’s Corporate Sustainability Reporting Directive (CSRD).
The revised ESRS that the Commission is consulting on have been changed in notable ways from the draft set of the ESRS submitted in November 2022 by EFRAG, the technical expert group tasked with helping the Commission develop the ESRS.
On 13 September 2022, the European Parliament voted to adopt its position in relation to the European Commission’s proposed 
On 14 September 2022, the European Commission (the Commission) introduced a proposed Regulation (the Proposal) which seeks to ban products made using forced labour from being produced in or imported into the EU. The Proposal is the latest example of the increasing amount of legislative requirements being developed in relation to ESG considerations in companies’ supply chains, particularly concerning human rights issues.
On 27 April 2022, the International Sustainability Standards Board (ISSB)