EFRAG Guidance
EFRAG practical implementation guidance for ESRS.
Definition
IG 1 (May 2024) practical guide for double materiality (financial + impact) Materiality Assessment. IG 2 (May 2024) covers Value Chain implementation. IG 3 + IG 4 provide ~1100 detailed datapoints. Q&A platform (efrag.org/qa-on-esrs) answers open questions. XBRL taxonomy for digital reporting via ESEF.
Origin
EFRAG SRB + SR TEG, 2024-2025 publications, continuous updates.
Usage
Essential for CSRD wave 1 companies (2025 reporting on 2024), Big 4 consulting (PwC, Deloitte, KPMG, EY) and auditors.