EU Taxonomy Regulation extended across economy
In case you missed it, the EU Taxonomy is undergoing an important transformation.
In case you missed it, the EU Taxonomy is undergoing an important transformation.
The European Sustainable Investment Forum (Eurosif) and the UN Principles for Responsible Investment (PRI) have written to EU institutions calling for the inclusion of mandatory disclosures on company transition plans and net-zero commitments in the Corporate Sustainable Reporting Directive (CSRD).
The European Financial Reporting Advisory Group (EFRAG) has published its Due Process Procedures for Sustainability Standard-Setting.
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).
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.
“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 […]
On 7 March, the ESEF core taxonomy for 2021 was incorporated into EU law, making it possible to use in financial reporting.
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.
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.
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.