EFRAG publishes consultation on sustainability reporting XBRL taxonomies
09 Feb, 2024
The European Financial Reporting Advisory Group (EFRAG) has launched a consultation on 'Draft ESRS Set 1 XBRL Taxonomy' and 'Draft Article 8 XBRL Taxonomy'. Comments on the consultation documents are requested by 8 April 2024.
The European Commission (EC) has tasked EFRAG to develop the digital XBRL taxonomy for the European Sustainability Reporting Standards (ESRS) Set 1 and for the Article 8 disclosure requirements. The final XBRL taxonomy is expected to be submitted to the EC and the European Securities and Market Authority (ESMA) in the summer of 2024. On the basis of this taxonomy, ESMA will develop the draft regulatory technical standards (RTSs) for tagging the sustainability reporting, including the tagging of the sustainability statement under ESRS. The EC will subsequently adopt the RTSs by way of a delegated act.
Please click to access the consultation documents via the press release on the EFRAG website.
Note: On 3 April 2024, EFRAG invites stakeholders to a hybrid outreach event on the draft XBRL Taxonomy. Please click for more information and registration on the EFRAG website.
