EFRAG announced the release of new Explanations addressing five environmental questions, bringing the total number of answered questions to 162. The December 2024 batch includes key Explanations on topics like climate change mitigation and adaptation targets, as well as biodiversity and ecosystems. These updates are particularly relevant to specific sectors, offering valuable insights for those involved in environmental reporting.
EFRAG’s role as a technical advisor to the European Commission supports stakeholders in implementing the European Sustainability Reporting Standards (ESRS). The Explanations serve as practical, timely support for preparers and others navigating these standards.
In late 2023, EFRAG launched its ESRS Q&A Platform to address technical questions and assist in the effective implementation of the ESRS. Answers provided are either in the form of Implementation Guidance—shared publicly for feedback before finalization—or Explanations, which are not subject to public feedback. Both are non-authoritative and final upon release.
For more information [here]