EFRAG Published the First Three DRAFT Implementation Guides on the European Sustainability Reporting Standards

EFRAG publishes today for public feedback the first three Draft EFRAG ESRS Implementation Guidance documents: 
🌿 Draft EFRAG IG 1: Materiality assessment implementation guidance  
🌿 Draft EFRAG IG 2: Value chain implementation guidance 
🌿 Draft EFRAG IG 3: Detailed ESRS datapoints implementation guidance + explanatory note 

These documents are non-authoritative and support implementation as follows:  

  • Draft IG 1, the MAIG describes the reporting requirements on the materiality assessment including the illustration of possible steps of the process. It also contains FAQs on the double materiality assessment to provide implementation guidance from a practical perspective. 
  • Draft IG 2, the VCIG describes the reporting requirements on the value chain during the materiality statement, for impacts, risks and opportunity management as well as metrics and targets. It discusses the reporting boundary of the group for sustainability reporting including operational control. The VCIG also contains FAQs to provide further information and the 'value chain map' summarises the VC implications per disclosure requirement. 
  • Draft IG 3, the draft List of ESRS datapoints presents the complete list of the detailed requirements contained in each Disclosure Requirement and related Application Requirements in an Excel format. The file has additional information (columns) useful to navigate and filter the content (i.e., the corresponding paragraph and sub-paragraphs of each item). This list can form a basis of a data gap analysis.    

These guides aim to support the application of the sector-agnostic ESRS, which was adopted as a delegated act by the European Commission on 31 July 2023. 

Stakeholders can provide feedback by accessing the relevant surveys by 2 February 2024.