News

3. July 2025

ISSB consults on amendments to SASB standards until 30 November 2025

On 3 July 2025, the International Sustainability Standards Board (ISSB) published the Exposure Draft Proposed Amendments to the SASB Standards for public consultation. Enhancing the SASB Standards is an integral part of the ISSB's 2024-2026 work plan, intended to support companies in the high-quality application of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. To this end, the ISSB initially has prioritised the SASB standards for a total of 12 industries. Read more

3. July 2025

Public consultation on simplifying the ESRS extended

On 1 July 2025, EFRAG received a letter from EU Commissioner Albuquerque. In this letter the European Commission announces to move the deadline for EFRAG delivering its technical advice on the revision and simplification of the European Sustainability Reporting Standards (ESRS) to 30 November 2025. Read more

2. July 2025

IASB publishes revised Practice Statement on Management Commentary as a global reference framework for better corporate reporting

On 23 June 2025, the International Accounting Standards Board (IASB) published its revised Practice Statement 1 “Management Commentary”. The revised Practice Statement supports the improvement and greater international harmonisation of management commentary and narrative reporting. Read more

2. July 2025

Endorsement of IFRS 9 amendment – Power Purchase Agreements

The amendments to IFRS 9 and IFRS 7 ’Contracts Referencing Nature-dependent Electricity’, published in December 2024 by the IASB, have now been endorsed. On 1 July 2025, the EU Commission hase published in the Official journal the regulation EU/2025/1266. Read more

1. July 2025

IFRS Foundation published guidance on disclosures about transition plans

On 23 June 2024, the IFRS Foundation published guidance on the disclosure of information about a entity’s climate-related transition. In particular, the guidance on the disclosure of information about transition plans in accordance with IFRS S2, thereby supporting the implementation of the ISSB standards. Read more

27. June 2025

Annual Report 2024 of the ASCG

We are pleased to present to you the ASCG Annual Report 2024. Read more

27. June 2025

Joint DRSC / EFRAG outreach event on September 18, 2025: Public discussion of EFRAG’s proposals for the revision of ESRS Set 1

DRSC together with EFRAG invites you to a public, web-based outreach event on the ESRS revision on Thursday, September 18, 2025, 9am–12pm. Read more

24. June 2025

European Council agrees on position on simplifying sustainability reporting

On 23 June 2025, the European Council agreed on its position on the proposal by the European Commission for an amending directive to simplify sustainability reporting in accordance with the CSRD and due diligence obligations in accordance with the CSDDD. Read more