We monitor the progress of work on European Sustainable Development Reporting Standards

Together with Eurosif - The European Sustainable Investment Forum we monitor the progress of work on European Sustainable Development Reporting Standards (ESRS) conducted by EFRAG (The European Financial Reporting Advisory Group) - an independent institution cooperating with the European Commission. According to EFRAG's published work programme, sustainable development priorities for 2024 will include:

✅ Develop a final version of the implementation guidelines for the value chain and materiality assessment by January 2024;

✅ Preparation of draft simplified ESRS mandatory for listed SMEs, small and non-performing credit institutions and in-house insurance undertakings;

✅ Preparation of a draft simplified ESRS for non-listed SMEs, applied on a voluntary basis, which will facilitate the provision of sustainability information on demand in their relations with entities subject to non-financial reporting obligations (when they are part of the value chain);

✅ Development of ESRS projects for the high-carbon sectors - oil and gas and mining, in connection with the sectoral reporting obligation (the EC has postponed the deadline for the adoption of sectoral ESRS from June 2024 to June 2026);

✅ Development of taxonomy in XBRL (Extensible Business Reporting Language) format, which will allow information to be tagged according to ESRS.For more information, see: https://lnkd.in/egZPw9nD‍

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