CSRD: Endorsement process required for ISSB sustainability standards

In our position paper on the Corporate Sustainability Reporting Directive (CSRD), we call for an endorsement process to integrate the minimum standards of the International Sustainability Standards Board into European sustainability legislation in the future. This will ensure that sustainability reporting leads to reliable and comparable information worldwide.

With regard to the development of the EU standards, we propose a step-by-step approach. Thus, the climate standard should be adopted first and then the information required for the SFDR should be covered.