ASCG Administrative Board submits core messages on the CSRD proposal to European Commission

The ASCG has submitted the core messages adopted by its Administrative Board on the CSRD proposal to the European Commission.

The Board of Directors welcomed the efforts to establish a legal framework for uniform sustainability reporting standards and again expressed its strong support for global reporting standards, such as those currently being developed under the auspices of the IFRS Foundation.

In light of the rapidly growing transparency requirements (e.g. due to the EU Taxonomy Regulation), the Board also called for attention to be paid to the implementation aspects. Reporting requirements must be feasible in terms of subject matter and time in order to have the intended effect.