In a speech on Tuesday at the EFRAG conference, European Commissioner Mairead McGuinness provided a public indication of something that we have been expecting for some time. As things stand, the steps required to formalise the EFRAG sustainability reporting (ESRS) taxonomy as official EU regulations will be delayed.
The European Financial Reporting Advisory Group (EFRAG) and Carbon Disclosure Project (CDP) recently announced that they will be collaborating to boost the adoption of European Sustainability Reporting Standards (ESRS), which were passed by the European Commission this July.
With a narrower majority than expected, the European Parliament has chosen to uphold the European Sustainability Reporting Standards (ESRS), safeguarding them from potentially being scrapped this week.
The European Financial Reporting Advisory Group (EFRAG) and the Global Reporting Initiative (GRI) have issued a statement confirming a high level of interoperability between their respective sustainability reporting standards.
In another important milestone on the path to sustainability reporting in the EU, the European Commission has announced its adoption of the European Sustainability Reporting Standards (ESRS).
Accountancy Europe has expressed its support for the European Sustainability Reporting Standards (ESRS) as a critical tool in promoting relevant and verifiable information for sustainable business models.
The International Federation of Accountants (IFAC) has submitted feedback on the European Commission’s (EC) European Sustainability Reporting Standards (ESRS), emphasising the importance of transparency and interoperability to support a global reporting system and avoid regulatory fragmentation.
In a public meeting of the European Financial Reporting Advisory Group’s Sustainability Reporting Board (EFRAG SRB) held in early July, Commissioner Mairead McGuinness outlined areas of attention for the EFRAG Sustainability Reporting Pillar.
The European Commission has now published, for a four week consultation period, a set of revisions to the European Sustainability Reporting Standards (ESRSs).
Guest blog by Jacques Urlus, Chairman of the XBRL Netherlands Foundation. EFRAG has announced that the first final version of its taxonomy for ESG information will be released at the end of September. That leaves 14 months for the first listed companies to release their formatted annual reports containing the tagged ESG information.
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