25. February 2022

Additional EFRAG PTF-ESRS Working Papers published

The EFRAG Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) has published an additional working paper on ESRS SEC 1 “Sector Classification Standard” on 25 February 2022.

ESRS SEC 1 aims to identify sector-specific sustainability aspects that the reporting entity has to take into account. The sector classification is based on the European Classification of Economic Activities (NACE) and the classifications made in the EU Taxonomy. 14 sector groups are subdivided into 40 sectors, for which sector-specific aspects are provided in the appendix to ESRS SEC1.

The PTF-ESRS had already published working papers on draft standards for sustainability reporting on its website on 20 January 2022 and 18 February 2022. Further working papers will follow in the coming weeks.

The Sustainability Reporting Technical Committee of the Accounting Standards Committee of Germany (ASCG) will continue its discussion of the PTF-ESRS working papers at its next meeting on 2 March 2022.