EFRAG and CDP join forces to boost uptake of European sustainability reporting standards. EFRAG and CDP have agreed a collaboration to accelerate the market uptake of the European Sustainability Reporting Standards (ESRS), which will apply to around 50,000 businesses starting January 2024.
Today, CDP announced an important collaboration with EFRAG to accelerate the market uptake of the European Sustainability Reporting Standards (#ESRS). Under the agreement, CDP will explore and implement alignment of its disclosure system with the ESRS as EFRAG provides technical expertise, access and guidance.
This collaboration will support the market readiness for quality environmental reporting by accelerating the implementation of the ESRS.
CDP, supported by EFRAG, will begin to offer webinars and detailed technical guidance materials to support companies report on ESRS data points through CDP. Currently used by over 23,000 #companies, CDP disclosing companies represent 2/3 of global stock market capitalization and nearly 90% of European market value.
Building on and contributing to global #sustainability reporting progress, the ESRS are interoperable with the IFRS S2 #climate-related disclosure standard developed by the International Sustainability Standards Board (ISSB) as well as with the Global Reporting Initiative (GRI) standards.
Read the press release, November 8, 2023
