Beyond the GAAP no.188 - May 2024
EFRAG has also published its first three implementation guidance documents, which address materiality assessment (IG 1), the value chain (IG 2) and the list of datapoints in ESRS (IG 3). EFRAG provides practical explanations through illustrations and examples, and clarifies the provisions of the standards on these issues, which are both complex and fundamental to the implementation of ESRS. IG 3 is likely to be particularly useful in determining the disclosures required for the material impacts, risks and opportunities identified, but also in anticipation of the sustainability statement tagging stage.