The standards through which the CSRD will be implemented have been designated as the ESRS and are being developed gradually by EFRAG, but not independently. Indeed, industry organisations, including EPRA, are participating in working groups on the development of sector-specific standards. This is in part to ensure that businesses will have a say in their development, and have the best chance of a thorough understanding of their obligations. EPRA, for instance, will be updating its sustainability Best Practice Recommendations (sBPR) as soon as the first set of ESRS is finalised, which is expected in summer 2023.