EXPOSURE DRAFTESRS 1General principlesApril 2022Open for comments until 8 August 2022PTF-ESRSProject Task Force on European sustainability reporting standardsEFRAG[Draft]ESRS 1 General principlesDISCLAIMERThis Exposure Draft has to be read in conjunction with the cover note for ESRS public consultation.It has been prepared solely by the EFRAG PTF-ESRS and is submitted to public consultation byEFRAG SRB to inform the upcoming standard-setting steps.It,therefore,does not reflect theEFRAG SRB's position at this stage,nor the position of the European Union or EuropeanCommission DG Financial Stability,Financial Services and Capital Markets Union(DG FISMA),northe position of organisations with which the EFRAG PTF-ESRS has cooperated.The final versionof the [draft]Standard will be produced by the EFRAG SRB starting from this Exposure Draft,takinginto consideration the outcome of the public consultation and the requirements of the final CSRD.[Draft]ESRS 1 General principles is set out in paragraphs 1-155 and Appendix A:Defined terms,Appendix B:Application Guidance,Appendix C:Explanations on sustainability due diligence,Appendix D:Classification of ESRS reporting areas and sub-topics,and Appendix E:Illustrativeexamples.All the paragraphs,including those in Appendices A and B,have equal authority.EachDisclosure Requirement is stated in a bold paragraph,followed by a paragraph that illustrates theprinciple to be followed in the preparation of the respective disclosures.The [draft]Standard alsouses temms defined in other [draft]ESRS and should be read in the context of its objective.[Draft]ESRS 1 General principlesExposure Draft,April 2022