Simplifying Sustainability Reporting: Shift’s View on the Draft Revised EU Standards

Shift welcomes the revised European Sustainability Reporting Standards (ESRS) exposure draft issued this week. It offers genuine simplification of process and substance for companies preparing reports, while still delivering meaningful information for their investors and other stakeholders.
The European Commission’s ‘Omnibus Simplification Proposal’: Shift’s Initial Reflections

The European Commission has launched its Omnibus Simplification Proposal to address concerns about sustainability regulations in the EU. But measured by its own objectives of simplifying requirements and reducing burdens on smaller companies, the proposals are a remarkable own goal.
Shift welcomes substantial alignment of the political agreement on the EU Corporate Sustainability Due Diligence Directive with the UNGPs

Shift’s statement welcoming the provisional political agreement reached this week between the European Commission, Council and Parliament on the final outline of the EU Corporate Sustainability Due Diligence Directive (CS3D).
Call for the ISSB to prioritize development of a thematic social-related disclosures standard

The key messages set out in this document are provided as a resource for organizations whose own views align with the proposition below, to draw upon in their responses to the ISSB as they see fit.
Comments by Shift on the Draft Report on Minimum Safeguards

Shift welcomes the publication of the Draft Report on Minimum Safeguards by the Platform on Sustainable Finance, and its call for feedback on the content and recommendations.
Comments by Shift on the ISSB Exposure Draft (General Requirements)

Shift welcomes the opportunity to contribute our perspective on the Exposure Draft published by the International Sustainability Standards Board (ISSB): IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information.
Comments by Shift on the ISSB Exposure Draft (Climate-Related Disclosures)

Shift welcomes the publication by the ISSB of a draft Climate standard for public consultation. Our organizational expertise is in the human dimensions of sustainability, including as they relate to climate change and climate change strategies.
Overarching Comments by Shift on the Draft European Sustainability Reporting Standards

Shift welcomes the publication of the first draft set of European Sustainability Reporting Standards and commends the European Financial Reporting Advisory Group on producing a rich and important set of draft standards in a short period of time.
Shift appoints former UN Human Rights Chief, Zeid Ra’ad Al Hussein as the new Chair of its Board of Trustees

Shift, the leading center of expertise on the UN Guiding Principles on Business and Human Rights, is pleased to announce the appointment of HRH Prince Zeid Ra’ad Al Hussein as the new Chair of its Board of Trustees.
Shift’s David Vermijs appointed to the newly-constituted Sustainability Reporting Board of EFRAG

Shift’s David Vermijs has been appointed to the newly-constituted Sustainability Reporting Board of the European Financial Reporting Advisory Group (EFRAG). EFRAG is developing corporate sustainability reporting standards for the European Commission…