08/07/2021 - EFRAG & GRI landmark Statement of Cooperation
Working towards international sustainability reporting convergence, EFRAG Project Task Force on European sustainability reporting standards (PTF-ESRS) and GRI sign landmark Statement of Cooperation. Read the detailed press release here.
As from its inception in September 2020, the EFRAG Project Task Force working on EU sustainability reporting standards (former PTF-NFRS now PTF-ESRS) established fruitful working relationships with European and international standard setters and initiatives fostering the progress of sustainability reporting.
Building on the European and international momentum creating a positive environment for a game-changing move in the crucial domain of sustainability reporting, the EFRAG PTF-ESRS is keen to establish enhanced working relationships with relevant international initiatives under a partnering and co-construction spirit, which is a key dimension of its action plan. Appropriate interactions have been initiated.
Today, the PTF-ESRS is delighted to announce that a first Statement of Cooperation has been signed with GRI. The GRI standards are currently the most commonly used sustainability reporting standards amongst EU companies.
Both organisations will share their wealth of expertise to foster the swift development of European sustainability reporting standards and at the same time the progress of converged standards at international level. The PTF-ESRS is convinced that both organisations will as a consequence progress faster and deeper towards their common and respective goals.
Each organisation will contribute to key technical projects of its counterpart. Both organisations will have proactive observers in their respective technical groups and will promote the development of specific joint projects of common interest.
The PTF-ESRS looks forward to establishing cooperation arrangements with other leading international initiatives, including the IFRS Foundation.
Read the detailed press release here.
