Opinion to the European Commission on EFRAG's technical advice on the amended European Sustainability Reporting Standards (ESRS)

EIOPA’s Opinion focuses on the amendments to the existing ESRS included in the technical advice of the European Financial Reporting Advisory Group (EFRAG) that are most likely to have a significant impact on the (re)insurance and occupational pensions sectors, and the supervisory community. 

In this Opinion, EIOPA assesses whether the revised ESRS ensure the availability of key corporate sustainability data to (re)insurance undertakings and occupational pension funds, maintain consistency with other EU legislation - in particular sustainability risk management requirements under Solvency II - and facilitate interoperability with other international standards, including the International Financial Reporting Standards (IFRS).