EFRAG ESRS Q&A Platform Compilation of Explanations December 2024

​EFRAG releases today Explanations for five environmental questions bringing the overall number of questions answered to 162. The December 2024 batch contains Explanations, some of which are expected to be particularly relevant to certain sectors (they can be found here: Compilation of Explanations – December 2024). The Explanations will later be added to the next major update to the Compilation of Explanations expected to be released in Spring 2025. The questions relate to Climate Change mitigation and adaptation targets and biodiversity and ecosystems. Earlier Explanations released from January to November are published in the Compilation of Explanations: January – November 2024.

These Explanations are provided as part of EFRAG’s role as a technical advisor to the European Commission and are expected to provide practical and timely support to preparers and others in the implementation of the ESRS.

Background

In the fourth quarter of 2023, EFRAG launched its ESRS Q&A Platform to collect and answer technical questions, supporting preparers and other stakeholders in the implementation of the European Sustainability Reporting Standards (ESRS) issued as a Delegated Act. 

Answers may take the form of Implementation Guidance, which is shared with the public and informed by its feedback before being finalised, or Explanations, which are not shared with the public for feedback. Implementation Guidance and Explanations are non-authoritative in nature; they are not issued as Delegated Acts and are final upon release by EFRAG.

Explanations cover cases in which the content of the ESRS already provides an appropriate answer. In these cases, the Explanations issued by EFRAG show where the content is in the ESRS and how to navigate the ESRS accordingly.  

Click here to access the December release of Explanations.