September 15 2021 (Brussels): Mirjam Wolfrum, Director Policy Engagement at CDP Europe, has been appointed to support the Secretariat of the EFRAG (European Financial Reporting Advisory Group) Project Task Force on European sustainability reporting standards (PTF-ESRS).
The Project Task Force has been invited by EFRAG to begin work on elaborating the new EU sustainability reporting standards, with a view to passing responsibility to EFRAG sustainability reporting bodies once established.
Ms. Wolfrum joins a group of around 20 investor, corporate, accountancy and civil society representatives, whose role as Secretariat is to provide technical expertise, project management and drafting input to the Task Force responsible for the standards. Specifically, Ms. Wolfrum is supporting the work on biodiversity and ecosystem disclosures.
Ms. Wolfrum’s joining of the Secretariat follows the European Commission’s adoption in April of a legislative proposal for a Corporate Sustainability Reporting Directive (CSRD), which would oblige companies under scope to report in compliance with European sustainability reporting standards adopted by the European Commission as delegated acts. The CSRD proposal includes that, in parallel with its legislative process, EFRAG drafts the new sustainability standards according to due process, with public oversight and the expertise of relevant stakeholders.
Commenting on her appointment, Mirjam Wolfrum said:
“I am delighted to support the development of the EU’s sustainability reporting standards, since they are the remaining critical element – together with the Corporate Sustainability Reporting Directive, the Taxonomy Regulation and the Sustainable Finance Disclosure Regulation – of the most ambitious corporate reporting framework globally. My involvement in this work enables me to inform a critical pillar of EU legislation in the European Green Deal, using CDP’s 20 years’ worth of expertise driving environmental accountability and action through mainstreaming disclosure. With jurisdictions around the globe now moving to raise the standards of mandatory corporate reporting, I am pleased to support EFRAG’s mandate to develop standards that oblige companies to report a wide range of relevant environmental data according to a double materiality perspective.”
Ms. Wolfrum is supporting the PTF-ESRS Secretariat for half of her time until presumably March 2022 and will continue in her role as Director Policy Engagement with CDP Europe during this period.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 10,000 organizations around the world disclosed data through CDP in 2020, including more than 9,600 companies, worth over 50% of global market capitalization, and over 940 cities, states and regions, representing a combined population of over 2.6 billion. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
Joshua Snodin, Senior Communications Manager, CDP Europe, +4917645910909, [email protected]