EUROPEAN FINANCIAL
REPORTING ADVISORY GROUP (EFRAG)

Discover our definition of EFRAG below

The European Financial Reporting Advisory Group (EFRAG) is a European body which plays a crucial role not only in accounting standards and financial reporting but also providing technical advice to the European Commission, offering consultancy on matters concerning international standards.

In 2023 EFRAG issued the new European Sustainability Reporting Standards (ESRS) which are a mandatory reference for all companies subject to CSRD, for drafting sustainability reports.

Would you like to learn more about sustainability reporting?

Explore these related entries from our glossary:

navigating sustainability

complexity
made accessible

Need help navigating?

If you don’t know where to start or you want more information about a specific solution, we are here to help you plot the right course. Write to us about any queries or doubts, for proposals or clarification.