The European Financial Reporting Advisory Group (EFRAG) has just published its report on How to improve climate-related reporting. The report has been prepared by the Project Task Force on Climate-related Reporting (PTF-CRR), and it consists of a main document and two supplements.
The primary focus of the PTF-CRR was on identifying good reporting practices and assessing the level of maturity in the implementation of the TCFD recommendations, while also taking into consideration the climate-related reporting elements of the EU Non-financial Reporting Directive and the related European Commission non-binding guidelines.
The project addressed two areas: a general review of climate-related disclosures (detailed findings documented in Supplement 1), and an in-depth review of scenario analysis reporting (detailed findings documented in Supplement 2). The main document outlines the key messages and synopsis of the findings, based on the content of its two supplements.