The European Commission has unveiled its Omnibus simplification proposals to scale back and delay sustainability reporting requirements under the Corporate Sustainability Reporting Directive (CSRD) and related rules.
The European Commission’s Omnibus simplification proposal, if enacted, will change the shape of sustainability reporting across that continent, reducing the number of private companies required to comply with the European Sustainability Reporting Standards (ESRS) while streamlining the disclosures themselves.
Patrick de Cambourg, Chair of the EFRAG Sustainability Reporting Board, delivered a compelling keynote at Data Amplified 2024, highlighting the progress and some of the challenges surrounding the EU’s flagship sustainability initiative, the Corporate Sustainability Reporting Directive (CSRD).
Last week the European Financial Reporting Advisory Group (EFRAG) published the XBRL taxonomy to accompany the first set of European Sustainability Reporting Standards (ESRS Set 1), supporting the digital tagging of sustainability statements.
Last week the European Financial Reporting Advisory Group (EFRAG) published Connectivity considerations and boundaries of different Annual Report sections, a paper which forms part of EFRAG’s research project on the interplay between financial and sustainability reporting.
The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Financial Reporting Advisory Group (EFRAG) recently released a correspondence mapping of the European Sustainability Reporting Standards (ESRS) and TNFD’s recommended disclosures.
Last week EFRAG published the final versions of its first three ESRS Implementation Guidance (IG) documents: EFRAG IG 1 Materiality Assessment, EFRAG IG 2 Value Chain, and EFRAG IG 3 ESRS Datapoints.
Last week EFRAG released 44 new technical explanations and a compilation of 68 explanations to assist stakeholders with implementing the European Sustainability Reporting Standards (ESRS). These explanations, available via the EFRAG ESRS Q&A Platform, address various stakeholder questions and offer practical support for the ESRS framework.
Last week EFRAG and the International Sustainability Standards Board (ISSB) hosted a joint event in Brussels exploring the importance of interoperability between the IFRS Sustainability Disclosure Standards and European Sustainability Reporting Standards (ESRS).
The IFRS Foundation and EFRAG have just released joint guidance on the alignment achieved between ISSB’s IFRS Sustainability Disclosure Standards and ESRS, providing valuable support for companies navigating sustainability reporting. This release offers practical support for companies, focusing particularly on navigating climate-related disclosures.
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