Sustainability reporting will become more serious for many companies from this financial year onwards in light of the Corporate Sustainability Reporting Directive (CSRD). In preparation for this, the European Financial Reporting Advisory Group (EFRAG) published draft application guidelines shortly before Christmas 2023.
This edition presents an example of a materiality analysis process in accordance with the European Sustainability Reporting Standards (ESRS) and provides an overview of the framework for a materiality analysis based on the EFRAG guidance as well as examples and overviews.
We also inform you about the draft standards for sustainability reporting by small and medium-sized enterprises (SMEs) published by EFRAG, a first set of explanatory notes from the ESRS implementation Q&A platform and the publication of an addendum to the November 2023 IFRIC update to IAS 27.
Finally, I would like to draw your attention once again to the Future Summit. Its second stage is just around the corner. Register for the virtual KPMG Future Summit: "Governance & Performance - Between Digitalisation and Ethics" on Tuesday, 20 February 2024.
Prof. Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
