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Articolo di approfondimento · Contenuti correlati La doppia materialità determina quali tematiche ESG un'impresa deve rendere note ai sensi della direttiva sulla rendicontazione aziendale in materia di sostenibilità. Questo articolo spiega come la valutazione della doppia materialità si rifletta nella dichiarazione di sostenibilità e in che modo l'ESRS semplificato e la direttiva Omnibus I abbiano modificato le modalità operative a partire dal 2026. 5 min…

Guida pratica · Guida operativa al DMA Una guida operativa, non un trattato teorico. Questo articolo illustra il processo DMA in quattro fasi definito nell'EFRAG IG 1 — mappatura del contesto, identificazione degli IRO, valutazione e rendicontazione ai sensi dell'ESRS 2 IRO-1 e IRO-2 — per i professionisti che devono eseguire un ciclo,…

Guida pratica · ESRS semplificato Il 3 dicembre 2025 l’EFRAG ha presentato alla Commissione europea il proprio parere tecnico sull’ESRS semplificato. Il parere non modifica la direttiva contabile; tale compito spetta agli atti delegati della Commissione previsti per la metà del 2026. Tuttavia, esso illustra, con notevole precisione tecnica, quali saranno i principi contabili rivisti…

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…