Call for candidates: civil society and impact investors experts to join the EFRAG SR FI Advisory Panels

EFRAG is looking for candidates from the civil society and impact investors sectors with strong technical expertise, including implementation work, on European Sustainability Reporting Standards (ESRS) and sustainability reporting challenges within the banking, capital markets and insurance fields to join EFRAG’s SR FI Advisory Panels, launched on 28 February 2024.

EFRAG established three advisory panels for the following financial institution sectors:

• Banking;
• Capital Markets; and
• Insurance.

These advisory panels contribute to the development and maintenance of the sector-specific ESRS on financial institutions and to provide sector-specific input in EFRAG sustainability reporting activity, by regularly providing its views and technical inputs to the EFRAG Sustainability Reporting Technical Expert Group (EFRAG SR TEG).

The role, competencies, composition, and modus operandi of the EFRAG FI Advisory Panels are described in the Terms of reference – available here as follows: Banking; Capital Markets and Insurance.

Context

The Corporate Sustainability Reporting Directive (CSRD) requires the adoption of ESRS to be developed by EFRAG, as technical advisor to the European Commission. In its role as technical advisor, EFRAG also needs to prepare sector-specific standards for sustainability reporting.

In this context, EFRAG has set up three advisory panels (EFRAG SR Banking Advisory Panel, EFRAG SR Capital Markets Advisory Panel and the EFRAG SR Insurance Advisory Panel;) that provide views and technical inputs to the EFRAG SR TEG on the content of such draft sector-specific standards. These advisory panels started the work by providing value chain guidance for these sectors based on the requirements in the sector-agnostic ESRS as published by the European Commission on 9 June 2023 with further changes still possible.

These advisory panels meet at least six times a year (including twice in- person), but more meetings are also possible depending on the needs. In addition, they may be asked to contribute to surveys, questionnaires or interviews with the EFRAG Secretariat. The frequency, format and timing of meetings will be driven by the tasks of the advisory panels as well as how critical the topics are on which the input from the advisory panels is sought.

The current composition of the EFRAG SR FI Panels is available here.

Profile

Each advisory panel have an intended size of 20 members. Members are drawn from a variety of business and geographical backgrounds, ethnic origins & gender including preparers, auditors/assurance providers, actuaries, users, academics, standard setters, civil society and other relevant stakeholders.

EFRAG is looking for candidates from the civil society and impact investors with strong technical expertise, including implementation work, on ESRS and sustainability reporting challenges within the banking, capital markets and insurance fields.

Members should have strong technical expertise, including implementation work, on ESRS. Knowledge about GRI and/or ISSB is a bonus but not essential.

Members should be citizens of EEA countries.

Further information about the role, competencies, composition and modus operandi of the advisory panels are described in the relevant Terms of Reference.

Selection process

The selection will be based on the extent to which a candidate meets the profile described in the Terms of Reference, the ability to act in the European public interest & the absence of conflict of interests.

How to apply

Please submit your application by 15 October 2024 COB using the relevant link:

• EFRAG SR Banking Advisory Panel
• EFRAG SR Capital Markets Advisory Panel
• EFRAG SR Insurance Advisory Panel

All candidates will be informed about their appointment or outcome of their application within one month after EFRAG has made the decision.