The European Financial Reporting Advisory Group has opened a consultation on its draft comment letter on the International Sustainability Standards Board’s proposed amendments to three Sustainability Accounting Standards Board standards and the industry-based guidance supporting IFRS S2 Climate-related Disclosures, seeking input to shape a European response. The ISSB proposals cover Electric Utilities & Power Generators, Agricultural Products, and Meat, Poultry & Dairy, and form the final phase of the ISSB’s SASB Standards revision under its 2024 to 2026 work plan. EFRAG says the amendments matter for Europe because SASB Standards remain relevant for interoperability and, under the draft simplified ESRS 1, companies may use established frameworks such as IFRS industry-based guidance when developing entity-specific disclosures. It is inviting views from preparers, auditors, business associations, investors, lenders, civil society and other users of sustainability information, particularly those linked to the affected industries. Comments on EFRAG’s draft letter are due through its survey by 28 June 2026. EFRAG will also hold a workshop on 27 May at 14:00 CEST, with expressions of interest due by 15 May 2026. Survey responses and workshop feedback will inform EFRAG’s final comment letter to the ISSB, whose consultation remains open until 24 July 2026.
European Financial Reporting Advisory Group 2026-04-29
European Financial Reporting Advisory Group consults on draft response to ISSB amendments to three SASB Standards and IFRS S2 industry guidance
The European Financial Reporting Advisory Group has launched a consultation on its draft comment letter responding to the International Sustainability Standards Board’s proposed amendments to three Sustainability Accounting Standards Board standards and related industry-based guidance supporting IFRS S2 Climate-related Disclosures. The proposals cover Electric Utilities and Power Generators, Agricultural Products, and Meat, Poultry and Dairy, and are relevant for Europe given the continued role of SASB Standards in interoperability and potential use under the draft simplified ESRS 1 for entity-specific disclosures.