The European Financial Reporting Advisory Group (EFRAG) announced on Thursday 8 July that it has undertaken the necessary preparations to immediately start the development of European non-financial reporting standards (see EUROPE B12703A10).
In order to meet the Commission’s ambition to have a first set of standards in 2022, this will initially be done by the EFRAG working group, which was established in September 2020 to carry out the preparatory work (see EUROPE B12554A21) and...