EFRAG’s 2026 work programme puts XBRL taxonomy front and centre
The European Financial Reporting Advisory Group (EFRAG) has submitted its Sustainability Reporting Work Programme for 2026 to the European Commission, setting out its priorities for the year ahead. Digitalisation features prominently, with EFRAG committing to deliver an updated European Sustainability Reporting Standards (ESRS) XBRL taxonomy to support machine-readability and integration into the European Single Electronic Format (ESEF) by December 2026.
The programme also plans to deepen alignment with the International Sustainability Standards Board (ISSB), the Global Reporting Initiative (GRI), and the Greenhouse Gas Protocol, to reduce fragmentation for companies reporting under multiple regimes. Interoperability is positioned as a continuing priority, alongside broader efforts to avoid duplication and support international convergence. Further development of the ESRS Knowledge Hub is also planned, including interactive functionality, user support tools, and potential educational and multilingual enhancements.
The commitment to delivering an updated ESRS XBRL taxonomy by year-end is a milestone we will be watching. As more companies come into scope of the Corporate Sustainability Reporting Directive (CSRD), machine-readable sustainability data will become increasingly important; not only for regulatory purposes, but for the analysts, investors, and policymakers who need it.
Read the full work programme here.
