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Supporting article · Adjacent content Double materiality determines which ESG topics an undertaking discloses under the Corporate Sustainability Reporting Directive. This article explains how the double materiality assessment flows into the sustainability statement — and how the Simplified ESRS and Omnibus I Directive changed the mechanics in 2026. 5 min…

Practical guide · DMA field guide A field guide, not a theoretical treatise. This article walks through the four-step DMA process set out in EFRAG IG 1 — context mapping, IRO identification, scoring, and reporting under ESRS 2 IRO-1 and IRO-2 — for practitioners who need to execute a cycle,…

Practical guide · Simplified ESRS EFRAG delivered its technical advice on the simplified ESRS to the European Commission on 3 December 2025. The advice does not amend the Accounting Directive; that work falls to Commission delegated acts due mid-2026. But it signals, in considerable technical detail, what the revised standards…

Regulatory update · Directive (EU) 2026/470 Directive (EU) 2026/470 was published in the Official Journal on 26 February 2026 and entered into force on 18 March 2026. It retains double materiality as the methodological core of the Corporate Sustainability Reporting Directive. It also narrows the scope, removes sector-specific standards and…

Reference · Practical guide EFRAG Implementation Guidance 1 is the non-authoritative but central reference document that sets out the illustrative process for conducting a double materiality assessment under ESRS 1. Published in final form in May 2024 and now read against the Simplified ESRS, it remains the starting point for…

The ESAs’ new ESG stress testing guidelines create the first unified EU framework for integrating environmental, social, and governance risks into supervisory stress tests, with application starting in 2027.

The ESAs’ new ESG stress testing guidelines create the first unified EU framework for integrating environmental, social, and governance risks into supervisory stress tests, with application starting in 2027.

On 9 February 2026, the European Commission adopted two secondary instruments under the Ecodesign for Sustainable Products Regulation (ESPR) to operationalise the rules on unsold consumer products. This reference summarises both acts for compliance teams, legal advisers and ESG analysts. C(2026) 659 final Delegated Regulation Derogations from the prohibition of…

A comprehensive guide to the obligations under Articles 24 and 25 of Regulation (EU) 2024/1781, the Delegated Regulation on derogations, and the Implementing Regulation on disclosure format — for enterprises, compliance teams, and ESG professionals. 0 Product categories covered by disclosure CN code groups 0 Derogations from the destruction ban…

The EU-wide stress test is conducted every two years, with the next exercise expected in 2027. For financial institutions in or near the EBA sample, preparation should begin well before the formal launch. The 2025 results highlighted several areas where banks need to strengthen their capabilities — and supervisors have…