The European Financial Reporting Advisory Group has published a summary report of its conference, “25 Years of EFRAG: Leading the Next Era of Corporate Reporting,” held on 8 June 2026 in Brussels. The report recaps discussions on EFRAG’s development from a private-sector financial reporting adviser into a broader European corporate reporting body, with sustainability reporting now presented as a permanent part of its mandate through the European Sustainability Reporting Standards. The conference brought together EFRAG leaders, policymakers, standard-setters, preparers, investors and academics to review key milestones including the introduction of International Financial Reporting Standards in Europe, EFRAG’s response to the 2008 financial crisis and the Maystadt governance reform. It also highlighted forward-looking themes rather than new policy decisions, including stronger connectivity between financial and sustainability reporting, the role of artificial intelligence and digitalisation, and the difficulty of providing forward-looking information while preserving reliability and comparability. A separate panel discussed sustainability reporting after recent omnibus simplification initiatives, focusing on how to balance usability and proportionality with investor demand for high-quality, comparable information. The report also notes a closing keynote from European Commissioner for Financial Services and the Savings and Investments Union Maria Luís Albuquerque on the role of transparency, comparability and high-quality reporting in European capital markets.
European Financial Reporting Advisory Group2026-06-30
European Financial Reporting Advisory Group publishes report on 25 years of EFRAG and the future of European corporate reporting
The European Financial Reporting Advisory Group has issued a summary report of its 25th anniversary conference in Brussels, which reviewed EFRAG’s evolution and discussed the future of corporate reporting in Europe. The report highlights debate on linking financial and sustainability reporting, the impact of artificial intelligence and digitalisation, and the post-omnibus direction of sustainability reporting. It reflects conference discussions and does not announce new policy measures.