Beyond the GAAP - October 2023

At the end of October, the European Securities and Markets Authority, ESMA, published its common priorities at European level for the 2023 reporting period.

Unsurprisingly, the regulator expects the 2023 annual financial statements to take a transparent approach to disclosing the material impacts of climate change and current macroeconomic conditions. The section on non-financial reporting focuses in
particular on the information to be provided under Article 8 of the Taxonomy Regulation, climate issues (in light of the increased requirements under the forthcoming CSRD directive) and scope 3 greenhouse gas emissions.