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Items tagged with "EU"

EFRAG issues due process and sets out April milestones for sustainability standards

The European Financial Reporting Advisory Group (EFRAG) has published its Due Process Procedures for Sustainability Standard-Setting.

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ESAs affirm timeline and expectations for SFDR

The European Supervisory Authorities – comprising the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority – recently updated their joint supervisory statement on the application of the Sustainable Finance Disclosure Regulation (SFDR).

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EFRAG releases final sustainability draft

Crossing the finishing line of a standards-drafting marathon, the European Financial Reporting Advisory Group (EFRAG) has published its final working paper on sustainability reporting standards.

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ESMA Chair discusses ESAP

“The objective of the new ESAP legislative project is to create a common source of public and freely available financial and sustainability-related information of EU companies and investment products, regardless of where in the EU they are located or originated while enabling a better use and reuse of this information,” says European Securities and Markets Authority […]

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Updated ESEF taxonomy adopted into EU law – but faster process needed!

On 7 March, the ESEF core taxonomy for 2021 was incorporated into EU law, making it possible to use in financial reporting.

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Banks are falling short on climate disclosures, says ECB, despite improvement underway

The European Central Bank (ECB) highlights the need for immediate action in an updated assessment of progress made by European banks on disclosing climate and environmental risks.

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News Item

Feedback on ESAP raises issue of disappearing data

We see the ongoing development of the European Single Access Point (ESAP) as excellent news. It will make it easy to access digital financial and sustainability data disclosures – and potentially other kinds of data too – from across the EU, via a single portal.

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Focus on quality “more than worth it” – and other last-minute ESEF considerations for first-time filers

Filing season is well underway in what is the first year of the European Single Electronic Format (ESEF) mandate in many countries, obliging companies to report digitally using Inline XBRL.

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EFRAG announces governance milestones – and further draft sustainability reporting standards

The European Financial Reporting Advisory Group (EFRAG) has recently appointed the members of its new Sustainability Reporting Board.

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EIOPA adds pep(p) to taxonomies in latest release

On 28 February, the European Insurance and Occupational Pensions Authority (EIOPA) issued its latest taxonomy update.

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