Commissioner McGuinness has publicly called on EFRAG to prioritise its efforts on capacity building for the implementation of the first set of ESRS over the preparatory work for the draft sector-specific standards. This also avoids overlapping consultations and eases the burden on all stakeholders wanting to contribute to the sustainability agenda. EFRAG is adjusting its workplan to this new priority whilst carrying on under a modified timetable work on sector-specific standards and standa...| 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