ESMA issues its first opinion on the draft European Sustainability Reporting Standards
ESMA Guidelines and Recommendations
Date:
03 February 2023
On 26 January 2023, the European Securities and Markets Authority issued an
opinion on the first set of draft European Sustainability Reporting Standards (ESRS Set 1) developed by the European Financial Reporting Advisory Group (EFRAG). ESMA finds that ESRS Set 1 broadly meets the objective of being conducive to investor protection and of not undermining financial stability.