EFRAG’s mission is to serve the European public interest in both financial and sustainability reporting by developing and promoting European views in the field of corporate reporting. EFFAS is represented on the EFRAG General Assembly and Administrative Board, and also on the EFRAG Sustainability Board and the EFRAG User Panel. EFFAS is as an official “Friend of EFRAG”.

ECMI was established as a non-profit initiative through a collaborative effort by its founding organisations, including EFFAS, FESE, and ICMA. ECMI conducts research aimed at informing debate and policymaking on a broad range of issues relevant to capital markets. It facilitates interaction among market participants, policymakers, and academics. EFFAS is represented in the ECMI Board of Directors.

The IFRS Foundation is a public interest organisation that develops and promotes globally accepted accounting standards (IFRS Standards) through its standard-setter, the IASB. EFFAS is represented on the IFRS Advisory Council, which provides strategic support and advice to the IFRS Foundation.

The IFRS Foundation is a not-for-profit, public interest organisation established to develop a single set of high-quality, understandable, enforceable and globally accepted accounting standards—IFRS Standards—and to promote and facilitate adoption of the standards. Find out more about the structure of the IFRS Foundation and consultative bodies.

XBRL (eXtensible Business Reporting Language) is the global standard for the digital exchange of business and corporate reporting information. It enables financial, sustainability and regulatory disclosures to be published in a structured, machine-readable format while remaining accessible to human readers.

EFFAS is represented in the XBRL Europe Consultative Committee by Dr. Bodo Kesselmeyer, Associate Member of the EFFAS Capital Markets Commission (CMC) and Chair of the EFFAS Corporate Reporting, Structured Data & Technology Working Group.

As part of its work on implementing the commission action plan on sustainable finance, the European Commission set up a Technical Working Group on Sustainable Finance in spring 2018. The main tasks of the Group are to assist the Commission in the development of

• An EU taxonomy of environmentally sustainable economic activities.
• An EU Green Bond Standard.
• A category of “low carbon” indices for use by asset and portfolio managers as a benchmark for a low carbon investment strategy.
• Metrics allowing improving disclosure on climate-related information

Jose Luís Blasco has 20 years’ experience in developing corporate sustainability strategies and programmes and Global Head of KPMG Sustainability Services. He is a member of the Commission on ESG of 

The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. The coalition is promoting communication about value creation as the next step in the evolution of corporate reporting. The IIRC’s mission is to establish integrated reporting and thinking within mainstream business practice as the norm in the public and private sectors.

The coalition comprises entities drawn from broad global communities, including business and other reporting entities; providers of financial capital; policy makers, regulators, the accounting profession, reporting framework developers and standard setters and civil society.

EFFAS is represented in the IIRC Council by Mr. Frank Klein. The Council is the primary institutional forum for expression of the coalition’s broad market view and collective voice, as well as the medium for its interaction and provision of advice, guidance and input on issues of relevance for the organization.

The world’s business reporting network, is a private/public sector collaboration aimed at improving capital allocation through better corporate reporting information to improve capital allocation decisions both within companies and between investors and companies.To achieve this vision we have three major goals:

• • To develop a voluntary global framework for measuring and reporting corporate performance to shareholders and other stakeholders. Throughout the world, different terms such as opportunities, risks, strategies, plans, intellectual assets/capital, intangibles or value drivers are often used to describe some of the concepts within corporate performance.
  • To develop guidelines for measuring and reporting on industry-specific key performance indicators.
  • To facilitate the development of XBRL taxonomies for this content.
    EFFAS is a founding member and its represented at WICI Europe by Dr. Stefano Zambon.