EFRAGin

EFRAGin is a proposed digital tool or platform that aims to streamline and enhance the process of collecting and analyzing sustainability information. Its development is being led by the European Financial Reporting Advisory Group (EFRAG), an independent organization that advises the European Commission on financial reporting matters. The primary objective of EFRAGin is to support the implementation of European sustainability reporting standards, such as the Corporate Sustainability Reporting Directive (CSRD).

The tool is designed to facilitate data collection from companies that are subject to these new reporting requirements. It seeks to provide a structured and efficient way for businesses to gather, manage, and report their sustainability data in accordance with the European Sustainability Reporting Standards (ESRS). This is expected to reduce the burden on companies and improve the quality and comparability of sustainability disclosures across the European Union.

EFRAGin is envisioned to be a digital solution that integrates with existing company systems, enabling a more automated and less manual approach to reporting. The platform is intended to assist with data validation, aggregation, and the generation of reports, thereby supporting both the reporting entities and the users of that information, such as investors and regulators. The project is part of a broader initiative by EFRAG to foster consistent and high-quality sustainability reporting across Europe.