EFRAG's (European Financial Reporting Advisory Group) first draft on reporting standards for small and medium enterprises (SMEs) aims to develop a simplified standard for listed SMEs (LSMEs), small banks, and captive insurers with the standard abbreviated as ESRS LSME according to the provisions decided in the CSRD. The ESRS LSME will be issued as a delegated act and effective for LSMEs on January 1, 2026, with the option to opt out for an additional two years. The draft's reporting requirements are proportionate and relevant to the scale and complexity of the activities and the capacities of public-interest SMEs. EFRAG expects that the standard will facilitate standardised sustainability information, support companies in getting better access to finance, and prevent other financial market participants from discriminating against LSMEs. ℹ️ In the October webinar, we will look at different ESRS elements of the current ESRS LSME draft, including: - General requirements structure and critical elements and LMES general disclosures - Policies, Actions and Targets overview and - Environment, Social and Business Conduct (ESG) ❗️Registration https://lnkd.in/eYucd-iF Join our monthly webinars to connect with fellow SMEs on the sustainability path, ask questions, and exchange your insights. We look forward to hosting you on the 17th of October at 12:00 CET / 13:00 EET. Helena Sustar, Habitania Institute founder and Ivana Calciano, SME sustainability consultant trainee #LSME #sustainabilityreporting #SME #ESG #CSRD
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