Professor Giner is one of the 20 members of the new Council developing sustainability disclosure standards for the European Union, which are to be applied by large and listed companies (except micro companies).
The European Commission's decision to set standards for sustainability disclosure is framed by the European Green Pact and aligns with the Sustainable Development Goals.
The proposal for a Directive issued in April 2021 recognises that lack of information is an obstacle to ensuring that companies' activities are sustainable, and hinders the channelling of finance to them. According to the proposal, the European Financial Reporting Advisory Group (EFRAG) will develop sustainability standards, including environmental, social and corporate governance aspects, which will eventually be accepted by the Commission.
In order to undertake this new mission, EFRAG has incorporated a new Board, the Sustainability Reporting Board, into its organisational structure. The Board is made up of various stakeholders, including the European Accounting Association, which is represented by Professor Giner.
