EFRAG has launched a Call for Tender to select a service provider to conduct a comprehensive Cost and Benefit Analysis (CBA) supporting the development of the European Sustainability Reporting Standards for non-EU companies (N-ESRS).
The initiative stems from a European Commission request under the Corporate Sustainability Reporting Directive (CSRD), alongside the “Omnibus” simplification legislative proposal introduced in January 2025. The policy objectives of the N-ESRS are to maintain a level playing field and ensure accountability and transparency regarding the sustainability impacts of non-EU companies operating significantly within the EU market.
The selected contractor will deliver an evidence-based assessment of the economic impacts linked to the proposed draft standards. Working in close cooperation with EFRAG, the provider will utilise stakeholder feedback collected during public consultations, outreach phases, and field tests to complement their independent research.
The scope of work is structured across two primary deliverables:
- Preliminary cost and benefit analysis: Due by late September 2026, based on the Exposure Draft of the N-ESRS scheduled for public consultation in mid-July 2026.
- Final cost and benefit analysis: Due by 20 January 2027, based on the finalised EFRAG Technical Advice expected to be approved early that month.
The tender is open to eligible organisations or consortia established within the European Economic Area (EEA) and EFTA countries with demonstrated expertise in regulatory impact assessments, sustainability reporting, or economic analysis. Applications and supporting documentation must be submitted by the close of business on 18 June 2026.
