23/10/2019 - The European Corporate Reporting Lab @EFRAG has published a feedback statement on its agenda consultation and announces its next project
The European Corporate Reporting Lab @EFRAG has published a feedback statement summarising the input received from the public consultation on the European Lab's future agenda. At its October meeting, the European Lab Steering Group considered the feedback received and decided that the European Lab's second project will be on Reporting of non-financial risks and opportunities, and linkage to the business model (i.e. Project 2 in the consultation).
The European Corporate Reporting Lab @EFRAG (the European Lab) received responses from 51 constituents across 15 jurisdictions with a good mix of preparers, users, academics, accounting and audit professionals and other governmental or not-for-profit organisations. A vast majority of respondents supported Project 2 on Reporting of non-financial risks and opportunities, and linkage to the business model as the next priority for the European Lab. The European Lab Steering Group will decide at a later stage on a third project for the European Lab, taking into account the results from the agenda consultation, lessons learned from the experience of the first two European Lab projects and recent developments in reporting practices.
The feedback statement can be accessed here.