EFRAG makes sustainability reporting easier for SMEs
Earlier this week the European Financial Reporting Advisory Group (EFRAG) launched an exemplar digital toolkit that’s tailor-made for small businesses: an Excel-based VSME Digital Template, a new XBRL taxonomy, and a handy open source converter to make it all machine-friendly.
China accelerates e-invoicing with XBRL-based electronic voucher standards
China’s Ministry of Finance, alongside eight government departments, recently launched a nationwide push for standardised electronic voucher accounting data.
Commission signals ‘quick fix’ relief for wave 1 ESRS reporters
At a Legal Affairs Committee hearing of the European Parliament on Tuesday 13 May 2025, we understand that the European Commission announced that a ‘quick fix’ delegated act is on the way for large companies that have filed their sustainability disclosures in 2025.
ESMA report shows regulators stepping up their data game
On 30 April, the European Securities and Markets Authority (ESMA) published its fifth Report on the Quality and Use of Data, shedding light on how regulatory data is being used across the EU—and where early wins are emerging in efforts to reduce the reporting burden.
ISSB proposes targeted changes to streamline Scope 3 disclosure
Earlier this week the International Sustainability Standards Board (ISSB) released an Exposure Draft proposing targeted amendments to IFRS S2, aiming to ease some of the thorniest climate reporting requirements—without diluting the utility of disclosures for investors.
