The European Financial Reporting Advisory Group published its combined August and September update, summarizing recent technical discussions, decisions and consultations. The report highlights the European Commission’s adoption of the revised European Sustainability Reporting Standards and the Voluntary Sustainability Reporting Standard, as well as EFRAG’s release of the 2026 draft ESRS datapoint list and draft ESRS XBRL taxonomy for consultation. Open consultations include EFRAG’s draft comment letter on risk mitigation accounting and the cost-benefit analysis for ESRS-40a, the proposed sustainability reporting standard for certain non-EU undertakings. The update also covers appointments and mandate extensions, future events and vacancies.
European Financial Reporting Advisory Group publishes August and September update covering revised ESRS adoption and reporting consultations
The European Financial Reporting Advisory Group’s August and September update reviews the European Commission’s adoption of the revised ESRS and the Voluntary Sustainability Reporting Standard. It also covers draft ESRS datapoints and an XBRL taxonomy, alongside consultations on risk mitigation accounting and the ESRS-40a cost-benefit analysis.