EFRAG is pleased to announce that it submitted the first set of draft ESRS to the European Commission yesterday in its role as technical adviser to the European Commission. This first set, approved by the EFRAG SRB, supported by the EFRAG SR TEG, takes into consideration the input from the public consultation on the draft ESRS EDs.| Sustainability-Reports.com
EFRAG has published its Progress Report (as of 20 June) providing an update of the work performed so far and of the activated levers to simplify the European Sustainability Reporting Standards (ESRS). The update responds to a 5 May 2025 request from Commissioner Albuquerque, who asked for a written update by 20 June explaining how the intended modifications would reduce the reporting burden on companies.| Sustainability-Reports.com
Today EFRAG publishes its XBRL Taxonomy for ESRS Set 1, which enables the digital tagging of ESRS statements. In addition, EFRAG publishes the XBRL Taxonomy for Article 8 disclosures that the EC requested EFRAG prepare. The digital taxonomies enable the marking up (‘tagging’) of sustainability reporting in machine-readable XBRL format.| Sustainability-Reports.com
