On 16 October, EFRAG published an addendum to address questions related to its open Call for Tenders for the development of the ESRS Knowledge Hub. This call, initiated on 20 September 2024, invites proposals to create a robust application for the ESRS Knowledge Hub, with a submission deadline of October 31, 2024. EFRAG encourages interested…
Oxford, 18-20 September 2024. ABSTRACT In recent years, sustainable investments have grown significantly, especially in Europe, fueled by regulatory frameworks such as Articles 8 and 9, thematic funds, and other ESG-labelled investment vehicles. Globally, this sector is managed by investors handling over $100 trillion in assets. Risk control metrics, initially considered supplementary, have become essential…
On October 9, EFRAG completed its due process regarding the Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) and has submitted its Endorsement Advice to the European Commission. These Amendments address stakeholder requests for clarification on the application guidance for assessing the contractual cash flow characteristics…
Date: December 10, 2024Location: The Hotel Brussels, 38 Bd de Waterloo, BrusselsTime: 9:00 – 17:15 CET, followed by drinks. EFRAG is hosting its third annual conference, titled “Advancing Transparency & Competitiveness in Challenging Times.” The event will showcase EFRAG’s advancements in sustainability reporting and new developments in financial reporting, featuring high-level speakers discussing the…
On September 20, 2024, EFRAG published its Draft Comment Letter (DCL) on the IASB’s Exposure Draft IASB/ED/2024/5, which proposes amendments to IFRS 19 concerning Subsidiaries without Public Accountability: Disclosures. EFRAG supports the IASB’s initiative to update IFRS 19, including efforts to streamline the new and amended disclosures introduced in IFRS Accounting Standards from February 2021…
On September 20, 2024, EFRAG issued a Draft Comment Letter (DCL) on the IASB’s Exposure Draft (ED) IASB/ED/2024/6, focusing on proposed illustrative examples for climate-related and other uncertainties in financial statements. EFRAG considers the examples helpful in applying IFRS Accounting Standards but suggests that further examples and standard setting may be needed to meet stakeholder…
On September 20, 2024, EFRAG launched an open call for tenders to help develop a comprehensive ESRS Knowledge Hub. This web-based platform will centralize key ESRS materials, including standards, guidance, Q&A resources, and taxonomies. The provider will handle the platform’s technical setup and initial content, with a completion target of September 30, 2025. They should…
On September 19, 2024, EFRAG released the Exposure Draft (ED) of its Due Process Procedures for the Financial Reporting Activities for public consultation. The aim is to formalize the existing procedures EFRAG uses in its financial reporting work. These procedures guide EFRAG’s role as a technical advisor to the European Commission, contributing to the IASB’s…
Vienna, 2 October 2024. The European Federation of Financial Analysts Societies (EFFAS) and The Austrian Association for Financial Analysis and Asset Management (ÖVFA) held its annual CESG (Commission on Environment, Social and Governance) conference at the Austrian National Bank in Vienna.,Leading experts in finance, sustainability, and technology gathered to discuss the latest advancements and challenges…
EFFAS Joins “Friends of EFRAG”, Enhancing Commitment to Sustainability Reporting 23 July 2024, Frankfurt The European Federation of Financial Analysts Societies (EFFAS) is proud to announce its official partnership with the European Financial Reporting Advisory Group (EFRAG) by becoming an official “Friend of EFRAG.” This collaboration underscores EFFAS’s commitment to promoting excellence in sustainability reporting…