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On 6 February 2024, EFRAG published an first set of answers to twelve questions submitted by ESRS users on its Q&A platform.

The answers mainly deal with cross-cutting issues and questions from the area of environmental standards as well as one question from the S-Standards. In detail, these are

Cross-sectional topics:

  • SBM-1 Sector split and phase-in
  • Transitional provisions for companies with up to 750 employees
  • Guidance on entity-specific disclosures and examples
  • ESRS 2 GOV disclosures and specifications in the current ESRS
  • Minimum number of material sustainability aspects
  • Time horizon: materiality of impacts versus financial materiality


  • Energy mix
  • Scope 3 greenhouse gas emissions for insurance companies
  • Standardised application of the GHG Protocol for parent companies and subsidiaries
  • Disclosure requirements E1-6
  • GHG Protocol Scope 3 in a specific sector


  • Definition of non-employee workers

EFRAG's Q&A platform is intended to provide guidance on technical implementation issues related to the European Sustainability Reporting Standards (ESRS, Commission Delegated Regulation (EU) 2023/2772), but it is not legally binding and is not legislative in nature. EFRAG's responses are intended to support preparers in implementing the ESRS. Preparers of sustainability reports can submit their questions via an online form.

The first set of explanatory notes has been published on the EFRAG website.

KPMG Express Accounting News

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