EFRAG publishes the 2nd Q&A Explanations

On 1st March 2024, the European Financial Reporting Advisory Group (EFRAG) published the second set of 12 Explanations to questions submitted via the EFRAG ESRS Q&A Platform.
EFRAG launched in 2023 the Q&A platform to facilitate meaningful dialogue with stakeholders, assisting them in the implementation process and fostering a better understanding of European Sustainability Reporting Standards (ESRS). EFRAG is providing answers to those questions in the form of Implementation Guidance, which is exposed to public feedback before being finalised, or Explanations, which are not exposed to public feedback.

Explanations address questions by clarifying information already provided in the ESRS, guiding companies on where to find specific details within the standards. The Explanations released are grouped in chapters according to their nature (cross-cutting, environment, social, governance). EFRAG issues a collection of Explanations per quarter to facilitate accessibility.