The European Financial Reporting Advisory Group has launched a survey of non-EU companies within the scope of ESRS-40a to inform a cost-benefit analysis of its proposed sustainability reporting requirements. The exercise complements the ongoing public consultation and international outreach on the exposure draft, which covers certain non-EU undertakings under Article 40a of the Accounting Directive. The analysis will assess expected costs for reporting companies and potential benefits, including those for EU companies arising from the reporting framework’s level playing field objective. External consultants are conducting the work through the survey and stakeholder interviews, with the final report due to be published alongside EFRAG’s advice on ESRS-40a to the European Commission.
2026-09-11European Financial Reporting Advisory Group
European Financial Reporting Advisory Group launches cost-benefit survey on draft non-EU sustainability reporting standard
The European Financial Reporting Advisory Group has launched a survey of in-scope non-EU companies to assess the expected costs and benefits of the draft ESRS-40a sustainability reporting requirements. The externally conducted analysis will inform EFRAG’s final advice to the European Commission and be published alongside it.