ESRS XBRL Taxonomy

EFRAG has been tasked by the European Commission (EC) to develop the digital XBRL taxonomy for the European Sustainability Reporting Standards (ESRS) Set 1 adopted by the EC on 31 July 2023 and published in the Official Journal of the European Union on 22 December 2023. 

On 8 February 2024, EFRAG launched its public consultation on the Draft XBRL Taxonomy for ESRS Set 1. The consultation will be open until 8 April 2024 and the following links may be useful to stakeholders: 

• Draft XBRL ESRS Set 1 Taxonomy Package (ZIP, technical files) 
• Draft XBRL ESRS Set 1 – Explanatory Note and Basis for Conclusions (PDF)
  • Annex 1 to the Explanatory Note – XBRL ESRS Set 1 Taxonomy illustrated (Excel) 
  • Annex 2 to the Explanatory Note – Illustrative examples of XBRL ESRS Set 1 reports (ZIP file) 

The final XBRL taxonomy is expected to be handed over to the EC and ESMA during summer 2024. On the basis of this taxonomy, ESMA will develop the draft RTS for tagging the sustainability reporting, including the tagging of the sustainability statement under ESRS. Such tagging rules will finally be adopted by the EC by way of a delegated act (DA) amending Commission Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF).