EFRAG published final versions of its first three Implementation Guidance (IG) documents. The IG is non-authoritative in nature and aims to support undertakings and other stakeholders when implementing the sector-agnostic European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). The IG covers:
- EFRAG IG 1: Materiality Assessment
- EFRAG IG 2: Value Chain
- EFRAG IG 3: ESRS datapoints and Explanatory Note
This follows the release by EFRAG of the third set of technical explanations in response to queries raised on its ESRS Q&A Platform together with a compilation of all technical explanations released to date. For more, see here.
This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.