New ASCG Working Group on Climate Reporting established

The EU Commission’s legislative proposal for the CSRD requires the disclosure of sustainability information in the management report in compliance with EU-specific sustainability reporting standards according to article 19b of the proposal.

Due to the political priorities, climate reporting is expected to be the issue of highest importance in the short term.

Against this background the ASCG’s Joint Technical Committee has established the new working group on Climate Reporting. The working group will be tasked with monitoring and assessing relevant standard setting initiatives (in particular the exposure drafts issued by the Commission/EFRAG and the ISSB) in order to support the work of the ASCG Technical Committee on Sustainability Reporting.