04/06/24 (Agence Europe) – On Friday, 31 May, the European Financial Reporting Advisory Group (EFRAG) published three initial European Sustainability Reporting Standards (ESRS) implementation guidance documents. These three documents focus on materiality assessment (IG 1), the value chain (IG 2), and detailed ESRS data points (IG 3) and are accompanied by an explanatory note. As the European Commission intended, EFRAG is fulfilling its role of supporting companies and other stakeholders by helping them focus on the aspects of the standards that are most relevant to them and by illustrating the reporting requirements with practical language. New technical explanations were published by EFRAG one day prior in the form of questions and answers (see EUROPE 13420/37). Read the documents IG 1: https://aeur.eu/f/cim , IG 2: https://aeur.eu/f/cin , and IG 3: https://aeur.eu/f/cip and the explanatory note: https://aeur.eu/f/cio (AD)