EFRAG Publishes the ESRS Set 1 XBRL Taxonomy
On 30 August 2024, EFRAG published the XBRL for ESRS Set 1, enabling digital tagging of ESRS sustainability statements. For more information [here].
EFRAG Call for applicants to EFRAG Financial Reporting TEG for the 2025 rotation
EFRAG is seeking candidates for its Financial Reporting Technical Expert Group (FR TEG). Applications are open until October 31, 2024, Positions starting on April 1, 2025, for a term of one or two years. Candidates should have: Strong technical expertise, Experience with IFRS, The ability to work independently and in the public interest, Good English…
EFRAG invites investors and potential users of LSME sustainability statements to participate in an online workshop in the first half of September 2024.
The workshop will focus on whether the Revised LSME still meets investors’ needs and gather technical input to refine the standard. To read more or participate in the workshop – [Here]
EFRAG Releases Final comment letter on IASB´s ED Contracts for Renewable Energy
EFRAG has released its final comment letter on the IASB’s Exposure Draft Contracts for Renewable Electricity. EFRAG supports the IASB’s efforts to address the increasing prevalence of Power Purchase Agreements in line with the European Green Deal, but makes suggestions regarding scope, own-use assessment, disclosure requirements and hedge accounting requirements. For more information – [Here]
EFRAG Releases New ESRS Q&A Explanations Covering the January-July 2024 Period
EFRAG released 23 new Explanations to be added to its Compilation of Technical Explanations to assist stakeholders in the implementation of the ESRS via the EFRAG ESRS Q&A Platform. The Compilation of Explanations now includes a total of 93 explanations released between January and July 2024. These responses are provided as part of EFRAG’s role as a technical advisor to…
EFRAG Releases its Annual Review 2023
This report provides insights on the main achievements of the organisation in the past year and the important developments that took place for both the financial and sustainability reporting fields in the first half of 2024. For more information – [Here]
European Taxonomy Regulation: Implications for Financial Analysis
In response to the evolving sustainable finance landscape, the European Federation of Financial Analysts Societies (EFFAS) is pleased to launch the periodic ESG Position Notes. This initiative addresses the need for clear guidance amidst the rapid changes and challenges in regulations aimed at fostering a sustainable economy. Key regulations like European Taxonomy for sustainable activities,…
The Inaugural EFFAS Asia Summit: Uniting Efforts for Sustainable Finance. Bringing over 1,300 CESGA Holders in Hong Kong.
On 4 March 2024, Hong Kong witnessed the strength of the CESGA as Friends of the Earth (HK), in collaboration with EFFAS and the HKU Business School ICUBE, hosted the inaugural EFFAS Asia Summit. This significant gathering drew over a hundred participants from various sectors, both physically and virtually, showcasing a collective commitment to advancing…
EFFAS Expands Collaboration with AIJA: Enriched Learning Opportunities Await Members
We are excited to share a significant collaboration update with our community. EFFAS is pleased to extend its partnership with AIJA | International Association of Young Lawyers. This collaboration includes an expanded 10% discount offering that now covers a wider selection of our impactful programs. As part of this collaboration, AIJA members can now benefit…
EFFAS welcomes the adoption of the Delegated Act on the first set of European Sustainability Reporting Standards
EFFAS welcomes the adoption of the Delegated Act on the first set of European Sustainability Reporting Standards (ESRS) by the European Commission on 31 July 2023 (press release, Q&As webpage, & implementing and delegated acts – CSRD webpage). EFFAS would also like to congratulate EFRAG for the thorough process which started in September 2020 with…