EFAA for SMEs contributed to EFRAG’s consultation on the ISSB’s proposed amendments to selected SASB Standards and related IFRS S2 industry-based guidance.
EFAA supports efforts to reduce complexity and ambiguity, improve the clarity of standards, and strengthen interoperability between European and international sustainability reporting frameworks.
EFAA also agrees that general disclosure requirements should remain within general standards and supports greater internal consistency across SASB Standards.
Representing SMPs and SMEs across Europe, EFAA highlighted the importance of considering the “trickle-down effect” of sustainability reporting requirements and encouraged showcasing successful European initiatives, including the VSME and related implementation tools, as potential inspiration for global standard-setting.
EFAA’s reply to the consultation is available here.