The sector standards for financial institutions cover:

  • banking,
  • capital markets, and
  • insurance.
The subsectors covered for each of these are as follows: Banking
  • Central banking aspects
  • Other monetary intermediation
  • Financial leasing
  • Granting of other credit
Capital Markets
  • Activities of holding undertakings
  • Trusts, funds and similar financial entities
  • Other financial service activities, except insurance and pension funding
  • Administration of financial markets
  • Security and commodity contracts brokerage
  • Other activities auxiliary to financial services, except insurance and pension funding
  • Fund management activities

Insurance
  • Life insurance
  • Non-life insurance
  • Reinsurance
  • Pension funding
  • Risk and damage evaluation
  • Activities of insurance agents and brokers
  • Other activities auxiliary to insurance and pension funding.

EFRAG is happy to engage with you and keep you updated about any developments. EFRAG has created Sector Communities which are constituted by stakeholders interested in the development of ESRS for any given sector. These stakeholders consist of preparers and preparer organisations, civil society members, social partners, investment partners or any other organisations with a particular interest in a specific sector. These communities act as experts which are consulted by the EFRAG Secretariat from time to time as needed. If you have any questions on the implementation of the sector agnostic standards please log your question using this link.

Currently no meetings with EFRAG SRB or SR TEG have been scheduled on this topic, but educational sessions for the SRB and SR TEG are envisaged after the summer of 2024.