The European Financial Reporting Advisory Group (EFRAG) submitted its Sustainability Reporting Work Programme 2026 to the European Commission, setting out strategic priorities and planned activities for its sustainability reporting mandate. Under the Corporate Sustainability Reporting Directive (CSRD), the European Commission is required to consult Member States experts and the European Parliament on the Work Programme. Approved by the EFRAG Sustainability Reporting Board, the programme prioritises developing non-EU group standards (N-ESRS), with an Exposure Draft planned for public consultation from July 2026 for 100 days and technical advice expected by early 2027. Other planned activities include continuing the SME ecosystem to support voluntary reporting and capacity building, providing implementation support informed by stakeholder needs and an upcoming agenda consultation, advancing interoperability with international standards (ISSB, GRI and the GHG Protocol), and accelerating digitalisation through XBRL taxonomy updates and the ESRS Knowledge Hub. The plan also highlights an emphasis on usability, simplification and burden reduction in light of early ESRS implementation experience and regulatory developments, while maintaining robustness and comparability of sustainability disclosures.
European Financial Reporting Advisory Group 2026-04-24
European Financial Reporting Advisory Group submits Sustainability Reporting Work Programme 2026 to the European Commission setting out N-ESRS development and ESRS implementation priorities
The European Financial Reporting Advisory Group submitted its 2026 Sustainability Reporting Work Programme to the European Commission, outlining strategic priorities under the Corporate Sustainability Reporting Directive. The programme focuses on developing non-EU group standards, supporting SMEs and implementation, enhancing interoperability with international standards, and advancing digitalisation, while emphasising usability and burden reduction without compromising robustness and comparability of sustainability disclosures.