EFRAG has updated its Compilation of Technical Explanations for the European Sustainability Reporting Standards (ESRS), now including 64 new explanations. This brings the total to 157 explanations, offering comprehensive support for stakeholders implementing the ESRS.
Key Highlights
- Mapping of Sustainability Matters: Explanation ID 177 links sustainability matters in paragraph AR 16 of ESRS 1 with the Disclosure Requirements in topical standards.
- Detailed Categorization: Explanations are grouped by nature—Cross-cutting, Environmental, Social, or Governance—and aligned with the ESRS architecture for easy navigation.
- User-Friendly Access: Hyperlinks within the Compilation lead directly to individual ESRS texts, including the Corrigendum.
- Updated Appendix III: which logs 133 questions previously categorized as ‘already answered’ via existing guidance or explanations.
Background and Process
The ESRS Q&A Platform, launched in late 2023, collects and answers technical questions to assist stakeholders with ESRS implementation. EFRAG provides two types of responses:
- Explanations: Highlight where existing ESRS content addresses a question.
- Implementation Guidance: Offers additional practical support based on public feedback.
Both are non-authoritative but provide valuable resources for preparers and users.
For more information [here]