In March 2023, Commissioner McGuinness asked EFRAG to prioritise support for the implementation by companies falling within the scope of the CSRD and subject to the preparation and publication of sustainability information in accordance with European Sustainability Reporting Standards (ESRS).

As a result, EFRAG has deprioritised its ongoing work on sector-specific ESRS to support the implementation of the so-called “sector-agnostic” ESRS as adopted as a delegated act on 31 July 2023 (“ESRS”).

At this stage, three draft implementation opinions have been published, namely:

• Draft EFRAG IG 1: Materiality assessment implementation opinion;
• Draft EFRAG IG 2: Value chain implementation opinion;
• Draft EFRAG IG 3: Detailed ESRS datapoints implementation opinion and related explanatory notes.