EFRAG seeks input on ESRS implementation guidance
The European Financial Reporting Advisory Group (EFRAG) has released its first three draft ESRS (European Sustainability Reporting Standards) Implementation Guidance documents for public feedback.
The draft guidance addresses critical aspects of ESRS implementation. Draft EFRAG IG 1 focuses on Materiality Assessment Implementation Guidance (MAIG), outlining reporting requirements and practical steps for materiality assessment. Draft EFRAG IG 2 addresses Value Chain Implementation Guidance (VCIG), detailing reporting requirements for the value chain during the materiality statement. Draft EFRAG IG 3 presents the Detailed ESRS Datapoints Implementation Guidance, providing a comprehensive list of detailed needs for each disclosure requirement.
Stakeholders are encouraged to participate in the feedback process by the deadline of 2 February 2024.
You can find the implementation guidance and relevant feedback surveys on EFRAG’s website.
