EFRAG launches Project Task Force to explore possible EU non-financial reporting standards

The European Financial Reporting Advisory Group (EFRAG) has launched a project task force non non-financial reporting standards (PTF-NFRS). The PTF has a three-phase approach in considering the development of a non-financial reporting regime in Europe:

1. Phase 1: Assessment (until end of October 2020)
2. Phase 2: Proposal (November-December 2020)
3. Phase 3: Outreach and conclusion (January 2021)

The PTF aims to deliver a final report by 31 January 2021.

Further information may be obtained here.