GRI has called on EFRAG to enhance impact materiality in the European Sustainability Reporting Standards (ESRS) – to deliver the consistent and relevant corporate information needed by stakeholders on impacts, risks and opportunities. Responding to EFRAG’s public consultation on amendments to >>> read more| Sustainability-Reports.com
EFRAG as technical advisor to the European Commission under the Corporate Sustainability Reporting Directive (CSRD) had submitted to the European Commission on 22 November 2022 the first set of sector-agnostic draft standards comprising twelve draft ESRS.| Sustainability-Reports.com
FRAG is happy to present a series of educational videos dedicated to the First set of draft ESRS, which were released to the European Commission in November 2022. This series is composed of 20 videos: | Sustainability-Reports.com
Today, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD. This will extend sustainability reporting requirements to all large & listed companies. About 50.000 companies (compared to 11.000 today) would have to report on sustainability pursuant to the CSRD.| Sustainability-Reports.com
In a critical stage of the negotiations on the Omnibus Simplification package, EFAMA, Eurosif, and PRI join forces to call for a credible and proportionate voluntary sustainability reporting standard for companies with over 250 employees that will fall outside of the CSRD scope. This minimum voluntary standard would allow financial institutions, including investors, to access meaningful sustainability-related information crucial for their investment decisions.| Sustainability-Reports.com
GRI has welcomed the outcome of a vote in the European Parliament in which MEPs reaffirmed the commitment to the European Sustainability Reporting Standards (ESRS), which will now apply to 50,000 companies from January 2024 onwards.| Sustainability-Reports.com
EFRAG announces its public consultation on the EDs of the Draft ESRS with a deadline of 8 August and invites all stakeholders to provide comments on the Draft ESRS through the consultation survey. The proposal for a Corporate Sustainability Reporting Directive (CSRD) identifies EFRAG as technical advisor to the European Commission providing draft European Sustainability Reporting Standards (‘ESRS’). EFRAG was requested by Commissioner McGuinness in May 2021 to put in place interim working...| Sustainability-Reports.com
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
A declaration calling on European policymakers to safeguard core sustainable finance rules is now backed by 323 organizations, reflecting widespread concern that the EU Omnibus may weaken legislation that is crucial to competitiveness and economic growth. The public letter emphasizes that the >>> read more| Sustainability-Reports.com
EFRAG publishes the revised and simplified Exposure Drafts of the European Sustainability Reporting Standards (ESRS), launching a to gather feedback from stakeholders across the EU corporate reporting ecosystem.| Sustainability-Reports.com
EFRAG launches its new “EFRAG 2025 State of Play” portal — a live, interactive platform presenting key insights from its latest market study on the early implementation of the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). The >>> read more| Sustainability-Reports.com
The Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) are deepening their collaboration to support the corporate reporting needs of market participants globally.| Sustainability-Reports.com
The UK Chancellor Rishi Sunak’s announcement that it will be mandatory by 2025 for large parts of the UK economy to disclose risks to their operations from climate change is welcomed by ACCA (the Association of Chartered Certified Accountants). The global body for professional accountants believes that clear and consistent accounting standards and disclosures, which are understood by business and investors alike, are an essential part of the urgent policy solutions needed to tackle climate ...| Sustainability-Reports.com
ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants, has called for its members to champion the ethical standards and sustainable business practices that will build organisations that deliver more than shareholder profit.| Sustainability-Reports.com
The IFRS Foundation, CDP and the Climate Disclosure Standards Board (CDSB) are pleased to confirm that, further to the announcement of 3 November 2021, CDSB has today been consolidated into the IFRS Foundation. This marks the completion of the first part of the commitment made by leading investor-focused sustainability disclosure organisations CDSB and the Value Reporting Foundation (VRF) to consolidate into the IFRS Foundation by June 2022 to provide staff and resources to the new Internatio...| Sustainability-Reports.com
The IFRS Foundation and the Global Reporting Initiative (GRI) are deepening their working relationship, building upon the Memorandum of Understanding signed in 2022. This collaboration seeks to provide a seamless, global and comprehensive sustainability reporting system for companies looking to meet the information needs of both investors and a broader range of stakeholders.| Sustainability-Reports.com
GRI has been recognized during the Fourth International Conference on Financing for Development (FfD4) as foundational for the global sustainability reporting system. | Sustainability-Reports.com
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
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
GRI has launched its Sustainability Taxonomy, a machine-readable version of the GRI Standards that enables faster data collection and improved comparability of sustainability disclosures through the use of XBRL – the global language for business reporting.| Sustainability-Reports.com
A survey of over 1,000 European companies reveals that companies are not as keen on weakening sustainability legislation as policymakers think. Conducted by #WeAreEurope — an apolitical collective of European professionals who carry the voice of businesses and citizens — >>> read more| Sustainability-Reports.com
GRI has written to EFRAG to provide recommendations on how ‘simplification’ of the European Sustainability Reporting Standards (ESRS) can be most effectively achieved – without undermining the quality and relevance of corporate reporting. EFRAG has been mandated by the European >>> read more| Sustainability-Reports.com
Following the publication of the Omnibus proposals on 26 February 2025, EFRAG received an specific mandate from the European Commission (EC) on 27 March to provide technical advice for the adoption of a delegated act to revise and simplify the existing European >>> read more| Sustainability-Reports.com
On Thursday 3 april, the European Parliament voted to postpone the application dates for new EU laws on due diligence and sustainability reporting requirements (CSDDD and CSRD). With 531 votes for, 69 against and 17 abstentions, MEPs supported the Commission >>> read more| Sustainability-Reports.com
A new GRI research paper, Corporate lobbying impacts: stakeholder demands for transparency, highlights growing concerns over transparency and accountability in corporate lobbying – a routine aspect of how companies engage with governments. Globally, the scale of lobbying is significant. In the >>> read more| Sustainability-Reports.com
Recognizing the central role of financial institutions in promoting business models fit for the future and underpinning a well-functioning global economy, GRI is consulting on a new set of Sector Standards for Financial Services. Financial services organizations enable economic activities >>> read more| Sustainability-Reports.com
The European Commission has adopted a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity. This is a major step forward in creating a more favourable business environment to help EU companies grow, innovate, >>> read more| Sustainability-Reports.com
Executives Remain Committed to Integrating Financial and Sustainability Data, Citing Strong Benefits Despite Policy Uncertainty, New Workiva Study Finds Companies that integrate financial and sustainability data are gaining a competitive edge. According to Workiva Inc.’s (NYSE: WK) 2025 Executive Benchmark >>> read more| Sustainability-Reports.com
Wolters Kluwer, a global leader in professional information, software solutions and services, today announced the launch of a new report Paving the Way to Integrated Assurance: A Proactive Approach.” This report outlines the critical role integrated assurance plays in risk management and >>> read more| Sustainability-Reports.com
Accountants and finance professionals can now benefit from a practical resource to strengthen governance and control activities, enhancing the quality of sustainability information and disclosures. Building Trust in Sustainability Reporting and Preparing for Assurance: Governance and Controls for Sustainability Information was published >>> read more| Sustainability-Reports.com
At the request of the European Commission (EC), expressly confirmed on December 12, 2024, EFRAG is pleased to announce today the delivery of its technical advice on the VSME, the voluntary reporting standard for non-listed micro-, small-, and medium sized >>> read more| Sustainability-Reports.com
Accountants must understand the concepts, principles, challenges and opportunities of nature related reporting to engage with boards and management on this increasingly vital issue. The global accountancy body ACCA has issued a paper Empowering business: navigating nature-related reporting, designed to assist accountants supporting organisations to undertake nature-related reporting and drive meaningful action to tackle the sustainability-related challenges.| Sustainability-Reports.com
EFRAG, Europe’s voice in corporate reporting and CDP, the global independent environmental disclosure system, published today a correspondence mapping between the ESRS and the CDP question bank, illustrating the high level of commonality announced at COP29. | Sustainability-Reports.com
A consultation has launched to gather feedback on two proposed new Standards under GRI’s Sector Program, which will increase transparency within sectors by focusing attention on the sustainability issues that matter most. Adding to the Oil and Gas Sector Standard, which is currently being finalized, the GRI Global Sustainability Standards Board (GSSB) has announced exposure drafts for:| Sustainability-Reports.com
EFRAG and GRI publish today a joint statement on the high level of interoperability achieved between the European Sustainability Reporting Standards (ESRS) and the GRI Standards.| Sustainability-Reports.com
The IFRS Foundation and EFRAG have published guidance material to illustrate the high level of alignment achieved between the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards and the European Sustainability Reporting Standards (ESRS) and how a company can apply both sets of standards, including detailed analysis of the alignment in climate-related disclosures. Having first worked during the development of the ISSB Standards and ESRS to deliver a high d...| Sustainability-Reports.com
