The European Financial Reporting Advisory Group (EFRAG) has released a set of Basis for Conclusions (BfC) to supplement its first set of draft European Single Reporting Standards (ESRS), which were submitted to the European Commission in November 2022.
The BfC explains the objective and context of the draft standards, the process followed in their preparation, and the reasons for including a disclosure requirement. It also provides alternative options considered, references to other standard-setting initiatives or relevant regulations, and arguments supporting the need for granular guidance.
The BfC is not part of the draft ESRS and has no authoritative status.
Other Features
companies
disclosure
ESG - environmental factor
ESG - governance factor
ESG disclosure
process
reporting
standard
sustainability
Date Published: 2023-03-10
Regulatory Framework: Corporate Sustainability Reporting Directive (CSRD)
Regulatory Type: information
Asset Management
conference / webinar
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ID 26120
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ID 25480
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Asset Management
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ID 24113
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