The European Financial Reporting Advisory Group (EFRAG) has announced the finalization of three key implementation documents for the European Sustainability Reporting Standards (ESRS). These are:

EFRAG IG 1: Guidelines on Materiality Assessment

EFRAG IG 2: Guidelines on Value Chain

EFRAG IG 3: Detailed ESRS Data Points

These documents provide invaluable knowledge for companies implementing ESRS. They offer practical guidance, tools, and mechanisms to facilitate compliance with ESRS requirements, considering the specific circumstances of each company. IG 1 explains the ESRS approach to materiality and illustrates the materiality assessment process, including examples and visualizations. IG 2 discusses the value chain requirements, including the reporting boundaries for the capital group. Meanwhile, IG 3 contains a complete list of detailed ESRS requirements in Excel format, making data gap analysis easier.

If you need support in understanding or implementing ESRS, our experts are happy to assist you. Contact us today to discuss your needs and plan the next steps on your journey to sustainable reporting.