EFRAG has been tasked by the European Commission (EC) to develop the digital XBRL taxonomy for the European Sustainability Reporting Standards (ESRS) Set 1 adopted by the EC on 31 July 2023 and published in the Official Journal of the European Union on 22 December 2023. The final XBRL taxonomy is expected to be handed over during summer 2024 to the EC and the European Securities and Market Authority (ESMA). On the basis of this taxonomy, ESMA will develop the draft RTS for tagging the sustainability reporting, including the tagging of the sustainability statement under ESRS. Such tagging rules will finally be adopted by the EC by way of a delegated act (DA) amending Commission Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF).

Download ESRS Set 1 XBRL Taxonomy and supporting materials (publication date: 8 February 2024):

XBRL Taxonomy entry points:

Educational Videos: