31 March 2024 Sustainability Reporting Update - International Sustainability Reporting Bulletin

Specifically, discussions related to the tagging approach for narrative information, including the granularity and data type of specific narrative disclosures, modelling the relationship between the requirements in IFRS S1 and IFRS S2, tagging metrics and targets not specified by IFRS Sustainability Disclosure Standards, and enhancements to the Prospective Taxonomy, including the categorical eleme. [...] EFRAG EFRAG releases first and second batch of technical explanations for ESRS implementation The European Financial Reporting Advisory Group (EFRAG) has released the first and the second batch of technical explanations to support stakeholders in the implementation of the ESRS (the ‘Explanations’). [...] These videos include the following: • Overview of the two SME exposure drafts, offering insights into the standards; • A detailed presentation of the ESRS LSME ED, which covers the draft standard in detail, highlighting key simplifications from the initial set of ESRS; and • The presentation of the VSME ED, providing an in-depth examination of the draft standard. [...] The finalised XBRL taxonomy is expected for submission to the EC and the European Securities and Market Authority (ESMA) in the summer of 2024. [...] By issuing a stay, the US SEC aims to facilitate the orderly judicial resolution of the legal challenges and enable the court of appeals to focus on assessing the merits of the case.