EFRAG, Author at Gomparable

EFRAG Issues Feedback Statement on the IASB ED Climate-related and Other Uncertainties in the Financial Statements – Proposed illustrative examples

by EFRAGEFRAG March 4, 2025March 26, 2025No Comments

Discover how feedback from constituents shaped EFRAG’s Final Comment Letter on the IASB’s Exposure Draft. EFRAG has published its Feedback Statement on the IASB’s Exposure Draft, IASB/ED/2024/6 Climate-related and Other Uncertainties in the Financial Statements – Proposed illustrative examples (the ‘ED’). The Feedback Statement outlines stakeholders’ responses, including responses to EFRAG’s draft comment letter, and …

Call for Expression of Interest: EFRAG mapping of initiatives, tools and platforms for SME sustainability reporting

by EFRAGEFRAG February 4, 2025February 26, 2025No Comments

EFRAG is conducting a self-assessment to map existing and ongoing initiatives, tools and platforms for SME sustainability reporting. Through a self-assessment form, EFRAG is seeking to map existing and ongoing initiatives on SME sustainability reporting (this may include access to data banks such as waste registers, EPCs, etc.), digital platforms (e.g. ESG data platforms that …

Call for new members of EFRAG’s Community Supporting the Voluntary Sustainability Reporting Standard for Non-Listed SMEs (VSME)

by EFRAGEFRAG February 3, 2025February 26, 2025No Comments

EFRAG is expanding its VSME Community, inviting more stakeholders to join the ongoing dialogue that takes place in such community. Following EFRAG’s delivery of the Voluntary Sustainability Reporting Standards for non-listed SMEs (VSME) to the European Commission, EFRAG intends to broaden the existing VSME Community by inviting all interested stakeholders to participate to the regular …

Streamlining sustainability reporting: Mapping the voluntary EMAS against the ESRS

by EFRAGEFRAG January 16, 2025January 20, 2025No Comments

See how many of the environmental disclosure requirements of the ESRS can be built on data already available within the EMAS framework! The European Union is taking significant steps in promoting sustainable business practices and enhancing transparency in environmental reporting, but also to support streamlining such requirements, when possible. As part of this work, the European …

EFRAG Endorsement Advice on Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7

by EFRAGEFRAG January 15, 2025January 20, 2025No Comments

EFRAG has completed its due process regarding Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7 and has submitted its Endorsement Advice Letter to the European Commission. On 18 December 2024, the IASB published Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7 (‘the Amendments’), which were initially issued …

ESMA consultation on digital tagging of ESRS statements

by EFRAGEFRAG December 24, 2024January 20, 2025No Comments

ESMA just issued a public consultation on amending the European Single Electronic Format (ESEF) RTS, in order to propose steps towards digitisation of ESRS (and Article 8) disclosures in the XBRL format starting from FY2026 or FY2027. EFRAG invites all stakeholders to participate in this consultation. On 13 December, the European Securities and Exchange Commission …

Participate in ESMA’s consultation on digital tagging of ESRS statements

by EFRAGEFRAG December 24, 2024January 20, 2025No Comments

On 13 December, the European Securities and Exchange Commission (ESMA) issued a public consultation on an amended European Single Electronic Format Regulatory Technical Standard (ESEF RTS), which requires affected companies in the EU to digitise their ESRS and Article 8 disclosures. Draft XBRL Taxonomy and Proposal Overview The proposal comes with a draft XBRL taxonomy, which …

EFRAG survey to preparers of financial statements of rate-regulated entities – Deadline – 31 March 2025

by EFRAGEFRAG December 20, 2024January 20, 2025No Comments

EFRAG’s survey aims to gather information from preparers on the practicability and likely effects of the upcoming IASB Standard on Regulatory Assets and Regulatory Liabilities. In July 2024, the IASB completed its redeliberations of the proposals in the Exposure Draft Regulatory Assets and Regulatory Liabilities and a final Standard (IFRS X) is expected in the …

EFRAG publishes technical addendum to ESRS IG 3

by EFRAGEFRAG December 20, 2024January 20, 2025No Comments

Today EFRAG publishes an addendum to the IG 3 List of Datapoints, providing a limited number of clarifications and corrections based on the suggestions received from stakeholders. EFRAG released the IG 3: List of ESRS Datapoints in May 2024 with the aim of supporting undertakings in their preparation of the first sustainability statement according to …

EFRAG’s Draft Comment Letter on the IASB ED Provisions—Targeted Improvements

by EFRAGEFRAG December 19, 2024January 9, 2025No Comments

EFRAG has issued its Draft Comment Letter on the IASB ED Provisions—Targeted Improvements (Proposed amendments to IAS 37). EFRAG has published its Draft Comment Letter (‘DCL’) on the IASB’s Exposure Draft IASB/ED/2024/8 Provisions—Targeted Improvements (Proposed amendments to IAS 37) (the ‘ED’). Comments on EFRAG’s DCL are requested by 25 February 2025 (EFRAG has requested the …