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New EFRAG Report provides best practices on Business Model, Risks and Opportunities Reporting in the EU’

‘Towards Sustainable Businesses: Good Practices in Business Model, Risks and Opportunities Reporting in the EU​’ report has been published by the European Lab@EFRAG Project Task Force on the reporting of non-financial risks and opportunities and linkage to the business model (PTF RNFRO). The PTF-RNFRO deliverables are written with the intention of assisting companies in benchmarking and

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Towards new EU sustainability reporting standards

Support from Caisse des Dépôts has been welcomed by GRI for its contribution to EFRAG’s technical work. GRI welcomes the support from French Caisse des Dépôts to underpin the finalization of the announcement of a Statement of Cooperation, in July 2021, between GRI and the European Financial Reporting Advisory Group (EFRAG) Project Task Force to co-construct

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GRI, EFRAG, Collaborate on Development of EU Sustainability Reporting Standards

The Global Reporting Initiative (GRI) and the European Financial Reporting Advisory Group (EFRAG) announced a new cooperation agreement for the development of EU sustainability reporting standards and supporting convergence with global standards. The EU and GRI are both committed to standards that are multi-stakeholder inclusive and address the impacts organizations have on the environment, society

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EFRAG public consultation Due Process Procedures on EU Sustainability Reporting Standard Setting

EFRAG Secretariat seeks comments from stakeholders on its Public Consultation Paper: EFRAG Due Process Procedures on EU Sustainability Reporting Standard-S​etting. Comments are welcome by 15 September 2021. ​ ​The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption of EU sustainability reporting standards (ESRS). In this context, EFRAG is requested to provide Technical

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European Sustainability Reporting Standards Within 18 Months

EFRAG to work with existing standards-setters to develop collaborative framework. With European corporates subject to new disclosure rules from January 2024, it’s a race against the clock to develop European Sustainability Reporting Standards for use by the end of 2022, according to Patrick de Cambourg, Chair of the European Financial Reporting Advisory Group’s (EFRAG) Lab

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EFRAG meets with international sustainability reporting standard setters and other related initiatives

EFRAG and the European Commission met for a second time with leading international sustainability reporting standard setters and other related initiatives to present recommendations for the development of EU sustainability reporting standards and explore possible cooperation in a co-constructive spirit, promoting convergence and maintaining momentum. ​Following an initial meeting on 10 December 2020, EFRAG hosted a second meeting on

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GRI backs EU proposal for separate pillar on non-financial reporting

Plans for EFRAG to broaden role requires establishment of a professional sustainability standard setting function As part of the European Commission review of the Non-financial Reporting Directive (NFRD), it is exploring how new European sustainability standards could be created and managed.   The Commission has asked the European Financial Reporting Advisory Group (EFRAG) to consider the changes needed

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Progress report published for project on preparatory work for the elaboration of possible eu non-financial reporting standards

​​On 25 June 2020, the European Commission (EC) issued a request for technical advice mandating EFRAG to undertake preparatory work for the elaboration of possible EU non-financial reporting standards in a revised Non-Financial Reporting Directive (NFRD), the ultimate objective being to allow for the swift development, adoption and implementation of European standards, should that be the choice

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Recently, the Project Task Force of Climate-related Reporting of the European Lab launched its report: ‘How to improve climate-related reporting –

Recently, the Project Task Force of Climate-related Reporting of the European Lab launched its report: ‘How to improve climate-related reporting –  A summary of good practices from Europe and beyond​’. To mark the occasion a networking event was organised at EFRAG’s premises, with Pascal Canfin, Chair of the EP ENVI Committee, Michèle Lacroix, Chair of Project Task