EFRAG Releases Exposure Draft for Non-EU Sustainability Reporting Standards
The European Financial Reporting Advisory Group (EFRAG) has published an Exposure Draft outlining proposed sustainability reporting standards for non-EU undertakings under the Corporate Sustainability Reporting Directive (CSRD). These standards, known as ESRS-40a, detail how non-EU groups with significant EU operations should report their sustainability impacts. The draft introduces a 'mixed approach' allowing these groups to limit reporting to EU-related impacts for most sustainability topics, except climate change, which requires global reporting. This approach aims to balance comprehensive reporting with practical application challenges. 
