final-letter-to-the-eu-commission-on-esrs-final-799091d97ee07bb5.pdf

The We Mean Business Coalition and the World Business Council for Sustainable Development advocate for the alignment of European Sustainability Reporting Standards (ESRS) with International Sustainability Standards Board (ISSB) global standards to reduce reporting burdens and confusion. They call for clearer guidance on the double materiality approach and a phased implementation of disclosure requirements, prioritizing mature KPIs to allow companies time to establish necessary data collection systems.

• The authors argue that the ESRS should be aligned with ISSB global standards to avoid confusion caused by differing terminology and definitions, which would improve transparency and minimize the reporting burden for companies.
• While supportive of the double materiality approach, the organizations request that EFRAG provide clearer terminology, application guidance, and illustrative examples to better serve preparers and stakeholders.
• The document recommends a phased-in application of the ESRS, suggesting that the Commission prioritize mature KPIs that capture business model transformation to give companies time to implement data collection processes.

APA

We Mean Business Coalition (2022). final-letter-to-the-eu-commission-on-esrs-final-799091d97ee07bb5.pdf. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/09/Final-Letter-to-the-EU-Commission-on-ESRS-Final.pdf

Chicago

We Mean Business Coalition. final-letter-to-the-eu-commission-on-esrs-final-799091d97ee07bb5.pdf. 2022. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/09/Final-Letter-to-the-EU-Commission-on-ESRS-Final.pdf.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=final-letter-to-the-eu-commission-on-esrs-final-799091d97ee07bb5.pdf |date=9 September 2022 |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/09/Final-Letter-to-the-EU-Commission-on-ESRS-Final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2022finallettertotheeucommissiononesrsfinal799091d97ee07bb5pdf, author = {{We Mean Business Coalition}}, title = {{final-letter-to-the-eu-commission-on-esrs-final-799091d97ee07bb5.pdf}}, publisher = {We Mean Business Coalition}, year = {2022}, month = sep, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/09/Final-Letter-to-the-EU-Commission-on-ESRS-Final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }