New guidance shows high degree of interoperability between European and global sustainability reporting standards

EFRAG, the body advising on European reporting standards, and the International Sustainability Standards Board (ISSB) have today published joint guidance on the interoperability between European and international standards, with a particular focus on climate reporting. This guidance shows that EU companies reporting under European standards can comply with the global standards with minimal additional effort, reflecting the Commission’s commitment to minimising the reporting burden on companies.

The European Commission has worked with international standard setters to ensure that the European Sustainability Reporting Standards (ESRS) have a high degree of alignment with international ones.

The first companies in the scope of the Corporate Sustainability Reporting Directive (CSRD) will report against the ESRS in 2025 for financial year 2024.

Read the guidance »