The recently adopted ‘Sendai Framework for Action on Disaster Risk Reduction 2015-2030’ sets the goals to reduce loss of life, livelihood and critical infrastructure through enhanced national planning and international cooperation. The new Framework is expected to enhance global, regional and national efforts for building resilience to disasters, across the entire disaster management cycle (prevention, preparedness, response and early recovery). Improved monitoring and accountability frameworks, relying on harmonized disaster loss data will be required for meeting the targets and for capturing the levels of progress across different scales of governance. To overcome the problems of heterogeneous disaster data and terminologies, guidelines for reporting disaster damage and losses in a structured manner will be necessary to help national and regional bodies compile this information. In the European Union, the Member States and the European Commission worked together on the establishment of guidelines for recording and sharing disaster damage and loss data as a first step towards the development of operational indicators to translate the Sendai Framework into action. This paper describes the progress to date in setting a common framework for recording disaster damage and loss data in the European Union and identifies the challenges ahead.