EFRAG Releases First Educational Videos on ESRS Set 1 XBRL Taxonomy Tagging
EFRAG has released the first two videos in a new series demonstrating the digital tagging of an ESRS report using the ESRS Set 1 XBRL Taxonomy.
Check out the first Educational XBRL Tagging Videos:
Additional sessions will be published in due course.
This initiative aims to educate stakeholders on how ESRS statements can be digitally tagged. However, EFRAG clarifies that the tagging shown in these videos has not been endorsed or reviewed by the report's publisher and may contain errors. The tagging is applied to the publicly available Annual Report 2024 in PDF format, which is not necessarily the recommended approach.
The final tagging rules, which will require companies to digitise their ESRS statements, will be issued and adopted by ESMA and the European Commission more info.
EFRAG also emphasises that the views expressed in these videos do not represent the official positions of its Sustainability Reporting Board (EFRAG SRB) or Sustainability Reporting Technical Expert Group (EFRAG SR TEG).
EFRAG does not endorse any specific tagging software or preparation process and would like to highlight that any compliant online XBRL software can be used. A list of certified XBRL report creation tools is available at XBRL International's Certified Software directory and on XBRL Europe's website.