Editorial

This edition features an interview with Jean-Paul Gauzès, given just before he finished his term of office as president of EFRAG

This edition features an interview with Jean-Paul Gauzès, given just before he finished his term of office as president of EFRAG. When Mr Gauzès was appointed in 2016, EFRAG was the European Commission’s adviser on financial reporting. Now its remit has extended to sustainability reporting, in which capacity it drafts standards which the Commission can bring into European Union law. This additional responsibility required significant changes, notably in EFRAG’s governance structure and membership. In this interview, Mr Gauzes explains the thinking behind the new structure, and touches on the challenges that lie ahead for European Sustainability Reporting Standards (ESRS). Significant work remains to be done in order to revise the drafts that have been issued to take into account the feedback received from the public consultation, and some concerns raised by the European Institutions.