DRSC Position paper on the Revision of ESRS Set 1

Today, the DRSC has submitted its Position paper on the Revision of ESRS Set 1 to EFRAG. The paper outlines ten initial ideas developed by the Sustainability Reporting Technical Committee based on feedback received from preparers, auditors and other stakeholders. It was deliberated by the SR TC in multiple meetings prior to its approval. The Technical Committee calls for the ESRS to be designed in a much more principle-based way and also advocates a harmonised scope subsidiaries included in the consolidation and a significant increase in the flexibility of sustainability reporting.

DRSC-President Georg Lanfermann commented: “As the German standard setter, we stand in favour of targeted, meaningful and feasible reporting in accordance with our mission statement. We want to support EFRAG in shaping the ESRS more effectively in line with this mission statement and thus promote the transformation of the economy to a greater extent.”