EFRAG has published draft sustainability reporting standards for non-EU companies, referred to as ESRS-40a.
Under Article 40a of the EU Accounting Directive, companies are required to report in line with the standards from 2028 if they have generate €450m in net turnover within the EU and have branches or subsidiaries generating €200m within the EU market.
A public consultation is open until 31 October. EFRAG plans to deliver its technical advice on ESRS-40a by January 2027.
Companies:EFRAG
