Login

EFRAG appoints ESG Standards Task Force

Posted on September 11, 2020 by Editor

Having established a task force, the European Financial Reporting Advisory Group (EFRAG) is poised to proceed with the development of non-financial reporting standards, which, if implemented, would increase comparability, relevance and reliability of non-financial information.

Earlier this summer the European Commission (EC) tasked EFRAG with exploring the technical process of creating non-financial reporting standards, to be ready to implement if the ongoing revision of the Non-Financial Reporting Directive (NFRD) calls for it.

The multi-stakeholder project task force has drawn a balanced representation of experts from across the EU. The task force will work closely with existing non-financial reporting initiatives and those involved with corporate reporting standard setting to prepare EU non-financial reporting standards that are, to the greatest possible extent, compatible with existing reporting standards.

Creating and using effective non-financial reporting standards will help improve the quality, consistency and coherence of corporate reporting, and is crucial to successfully build sustainable financial markets.

Read more here. You might recognise a name or two?

Other Posts


Newsletter
Newsletter

Would you like
to learn more?

Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.

By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy