Invest Europe

Response to EFRAG’s Consultation on the European Sustainability Reporting Standards for Non-EU Undertakings (ESRS 40a)

Positions & consultation responses

22 Oct 2026

Invest Europe supports a proportionate sustainability reporting framework for global operations and value chains that combines meaningful transparency with practical requirements. Our response highlights the importance of reflecting how global businesses operate and the specificities of private markets, so that reporting provides useful information without imposing unnecessary burdens.

Response to EFRAG’s Consultation on the European Sustainability Reporting Standards for Non-EU Undertakings (ESRS 40a)