The European Financial Reporting Standards (ESRS) which execute the requirements for companies impacted by the CSRD are under development by EFRAG. The first set of recommendations were issued to the Commission in November 2022 covering a wide scope of sustainability aspects across ESG topics while applying a double materiality perspective.

Dawn Slevin explains the thinking and the process behind the EU-appointed Technical Expert Group on Sustainable Finance. Many companies will have the confidence and capacity to move towards a sustainable business model, using the EU’s taxonomy as a guide. The essence of sustainable finance is to decouple economic growth from environmental degradation, resource constraints and...