EFRAG Issues a Call for Tender for Cost and Benefit Analysis of ESRS reporting standards for non-EU companies (N-ESRS)
EFRAG launches a Call for Tender for the selection of a service provider to conduct a Cost and Benefit Analysis (CBA) supporting the development of the European Sustainability Reporting Standards for non-EU companies (N-ESRS).
This initiative follows the request from the European Commission under the Corporate Sustainability Reporting Directive (CSRD), as well as the simplification legislative proposal (“Omnibus”, January 2025), to develop dedicated sustainability reporting standards for non-EU companies with significant operations in the European Union.
The policy objectives of the N-ESRS are to ensure a level playing field and accountability/transparency of non-EU companies that do business on the EU market with regard to their sustainability impacts.
The selected contractor will have to provide a thorough and evidence-based assessment of the costs and benefits linked to the development of N-ESRS. The selected contractor will work in close cooperation with the EFRAG and be provided with relevant information and stakeholder feedback collected during the public consultation, field test and outreach phases, as complementary input to the research that the contractor itself will conduct.
The selected contractor will carry out a robust, evidence-based assessment of the expected costs and benefits associated with the development of the draft N-ESRS.
Key Objectives:
- Support the development of the draft N-ESRS as mandated by the European Commission
- Provide policymakers and stakeholders with a robust economic impact analysis
Scope of Work:
The assignment is divided into two main deliverables:
- Preliminary Cost and Benefit Analysis (Deadline: late-September 2026): based on the Exposure Draft of the draft N-ESRS expected to be issued for consultation in mid-July 2026;
- Final Cost and Benefit Analysis (Deadline: 20 January 2027): based on EFRAG Technical Advice on the draft N-ESRS, expected to be approved by EFRAG in January 2027.
Who Can Apply?
The call is open to all interested and eligible organisations established/domiciled in the European Economic Area and EFTA countries or consortia with relevant experience in economic analysis, sustainability reporting, or regulatory impact assessments.
How to Apply:
Interested parties must submit their application and required documentation by 18 June 2026 COB.
Access the full tender specifications and submission details:
This work will play an important role in shaping the future sustainability reporting framework for non-EU companies operating in the European market and will contribute to improving the comparability, transparency, and usability of sustainability information globally.