EFRAG submits the first part of the draft ESRS to the EU Commission
November 23, 2022. EFRAG has handed over the draft of the first part of the European Sustainability Reporting Standards (ESRS) to the EU Commission. The results from the public consultation in summer 2022 are incorporated into it. The adoption of the standards via “delegated acts” is scheduled for June 2023. Source: EFRAG, Press Release, EFRAG […]
Future European Single Access Point (ESAP) – draft directive from the EU Commission
Last week, on November 25th, 2021, the EU Commission adopted a comprehensive package of measures with the aim of improving the transparency of company and commercial data. Part of this package of measures are the draft guidelines for the European Single Access Point (ESAP), which are now available. Among other things, a central access option […]
EU Commission: Proposal for a directive on corporate sustainability reporting
April 21, 2021. The Commission has adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD) that would amend existing reporting requirements under the non-financial reporting directive. The proposed directive extends the scope of application to all large companies (more than 500 employees) as well as all companies listed on regulated markets (except listed micro-enterprises), […]
DVFA statement on the consultation of the EU Commission “European Single Access Point (ESAP)” – 2021
The German association of Investment Professionals (DVFA) commented on the EU Commission’s consultation in January 2021 on the establishment of a “European single access point (ESAP) for financial and non-financial information publicly disclosed by companies”. The Corporate Analysis Commission, of which I am also a member, has commented on this in detail. The statements of […]
EU – Package of measures for sustainable finance
April 21, 2021. The European Commission adopted a package of measures to help improve the flow of money for sustainable activities across the European Union. EU Taxonomy Climate Delegated Act: This aims to support sustainable investment by defining which economic activities contribute most to achieving the EU’s environmental goals. [Note: The term taxonomy is NOT […]
DVFA statement: German draft bill on annual financial reports (ESEF)
October 16 2019. The German Association of Investment Professionals (DVFA e.V.), and here the Corporate Analysis Commission, of which I am a member, commented on the German draft law for the further implementation of the Transparency Directive – amendment directive with regard to a uniform electronic format for annual financial reports – dated October 16, […]
Börsenzeitung: IFRS consolidated financial statements soon with iXBRL – digital transformation of financial reporting with obstacles
“The digital transformation is imminent for the traditional processes, starting with the preparation of the consolidated financial statements, the audit, the publication and right up to their use by investment professionals. Sure, there are consolidated financial statements in PDF format for download, balance sheets prepared in spreadsheets for investors, fee-based databases for investment professionals, but […]