IDW publishes draft module statement on sustainability reporting

On 6 March 2024, the Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW) published a draft module pronouncement on sustainability reporting in accordance with the European Sustainability Reporting Standards (ESRS). The draft IDW RS FAB 100 ESRS module pronouncement currently provides for five modules on the key topics of materiality analysis and reporting. In detail, these are

• M1.1 - Linking the materiality analysis with the sustainability due diligence process
• M1.2 - Inclusion of affected stakeholders in the materiality analysis according to ESRS
• M1.3 - Assessment of materiality for diversified groups
• M1.4 - Assessment of the materiality of impacts in the value chain
• M2.1 - Inclusion of subsidiaries not material to the consolidated financial statements in consolidated sustainability reporting

A consultation phase is planned for the draft until 30 June 2024, during which interested members of the public can comment on the draft.

In its press release, the IDW also announces the publication of further draft modules in the near future.

The press release and the draft module announcement are available on the IDW website.