KEY ESG becomes an official friend of EFRAG
We’re proud to announce that KEY ESG has become an official Friend of the European Financial Reporting Advisory Group (EFRAG).
As we continue to work towards improving environmental, social, and governance (ESG) reporting, this affiliation marks a major milestone in our journey towards driving transparency and accountability in our industry.
What is EFRAG?
The European Financial Reporting Advisory Group (EFRAG) was established in 2001 with the support of the European Commission. The EFRAG’s mission is to serve public interest by promoting and developing European perspectives in corporate reporting.
In 2022, the EFRAG expanded its role to include the provision of technical advice on European Sustainability Reporting Standards (ESRS) as part of the European Union’s Corporate Sustainability Reporting Directive (CSRD).
EFRAG operates through two key pillars:
-Financial reporting
This focuses on the development and endorsement of IFRS Accounting Standards.
-Sustainability reporting
This involves drafting and supporting the implementation of ESRS.
The EFRAG’s mission is to advance corporate reporting with regards to both financial attributes and sustainability, ensuring that European perspectives are represented in international standard-setting discussions. The EFRAG also provides the European Commission with advice on the endorsement of IFRS and ESRS, guided by inputs from multiple expert organisations and stakeholders.
KEY ESG is the latest company to join these ranks.
Our shared vision for ESG integration
The aims and objectives of the EFRAG align closely with KEY ESG’s mission to improve transparency and minimise confusion within ESG reporting systems.
KEY ESG provides best-in-class sustainability software for business users reporting on a range of different ESG metrics. Ensuring we remain closely aligned with regulatory standards that are relevant to our customers is therefore crucial.
The EFRAG has been tasked with advising the European Commission on accounting standards and sustainability reporting. The organisation therefore plays a pivotal role in shaping the future of ESG in Europe. By aligning with EFRAG, KEY ESG will have the ability to support the development of sustainability reporting standards, particularly those aimed at fostering greater consistency and comparability in ESG data.
As a Friend of EFRAG, KEY ESG will be able to support EFRAG’s activities by contributing to the development of ESRS drafts, shaping the CSRD – along with other initiatives– both in Europe and further afield.
Collaborating for a more Sustainable Future
We look forward to embracing our position within the EFRAG network and collaborating on the development and refinement of important reporting standards.
While KEY ESG will play a key role in providing insights and feedback to EFRAG with regards to regulatory guidance, EFRAG will also aid KEY ESG’s initiatives. This partnership will facilitate KEY ESG’s deeper involvement in conversations focused on aligning international reporting frameworks with European sustainability goals.
We’re looking forward to learning all that we can from EFRAGs network. We'll then use this knowledge to enrich our software with the latest standards and best practices.
Bringing Clarity to ESG Reporting
The importance of ESG reporting has never been greater.
Investors, regulators, and consumers are increasingly demanding transparency in how companies approach environmental challenges, social responsibility, and governance practices. An increasing number of sustainability regulations are coming into effect, and so businesses need the right tools to ensure compliance and improve performance.
As more and more companies incorporate ESG considerations into their core business strategies, standardisation and transparency is key to ensuring that ESG reporting systems remain meaningful and offer useful and actionable insights.
KEY ESG provides the tools and solutions needed to track, analyse, and report ESG data with precision. Our platform enables organisations to gather metrics related to environmental impact, social responsibility, and corporate governance, helping them ensure compliance with regulations, while also enhancing over all sustainability performance.
By combining KEYESG’s cutting-edge technology with EFRAG’s expertise and influence in standard-setting, we are paving the way for more streamlined, consistent, and impactful ESG reporting and positioning ourselves at the forefront of Europe’s ESG transformation.
If you’re looking to streamline your ESG reporting systems, reach out to a member of our team today for a demo of our software. We’ll walk you through our systems and discuss how our intuitive software can help you ensure compliance and gather actionable insights to improve your metrics.
KEY ESG becomes an official friend of EFRAG
We’re proud to announce that KEY ESG has become an official Friend of the European Financial Reporting Advisory Group (EFRAG).
As we continue to work towards improving environmental, social, and governance (ESG) reporting, this affiliation marks a major milestone in our journey towards driving transparency and accountability in our industry.
What is EFRAG?
The European Financial Reporting Advisory Group (EFRAG) was established in 2001 with the support of the European Commission. The EFRAG’s mission is to serve public interest by promoting and developing European perspectives in corporate reporting.
In 2022, the EFRAG expanded its role to include the provision of technical advice on European Sustainability Reporting Standards (ESRS) as part of the European Union’s Corporate Sustainability Reporting Directive (CSRD).
EFRAG operates through two key pillars:
-Financial reporting
This focuses on the development and endorsement of IFRS Accounting Standards.
-Sustainability reporting
This involves drafting and supporting the implementation of ESRS.
The EFRAG’s mission is to advance corporate reporting with regards to both financial attributes and sustainability, ensuring that European perspectives are represented in international standard-setting discussions. The EFRAG also provides the European Commission with advice on the endorsement of IFRS and ESRS, guided by inputs from multiple expert organisations and stakeholders.
KEY ESG is the latest company to join these ranks.
Our shared vision for ESG integration
The aims and objectives of the EFRAG align closely with KEY ESG’s mission to improve transparency and minimise confusion within ESG reporting systems.
KEY ESG provides best-in-class sustainability software for business users reporting on a range of different ESG metrics. Ensuring we remain closely aligned with regulatory standards that are relevant to our customers is therefore crucial.
The EFRAG has been tasked with advising the European Commission on accounting standards and sustainability reporting. The organisation therefore plays a pivotal role in shaping the future of ESG in Europe. By aligning with EFRAG, KEY ESG will have the ability to support the development of sustainability reporting standards, particularly those aimed at fostering greater consistency and comparability in ESG data.
As a Friend of EFRAG, KEY ESG will be able to support EFRAG’s activities by contributing to the development of ESRS drafts, shaping the CSRD – along with other initiatives– both in Europe and further afield.
Collaborating for a more Sustainable Future
We look forward to embracing our position within the EFRAG network and collaborating on the development and refinement of important reporting standards.
While KEY ESG will play a key role in providing insights and feedback to EFRAG with regards to regulatory guidance, EFRAG will also aid KEY ESG’s initiatives. This partnership will facilitate KEY ESG’s deeper involvement in conversations focused on aligning international reporting frameworks with European sustainability goals.
We’re looking forward to learning all that we can from EFRAGs network. We'll then use this knowledge to enrich our software with the latest standards and best practices.
Bringing Clarity to ESG Reporting
The importance of ESG reporting has never been greater.
Investors, regulators, and consumers are increasingly demanding transparency in how companies approach environmental challenges, social responsibility, and governance practices. An increasing number of sustainability regulations are coming into effect, and so businesses need the right tools to ensure compliance and improve performance.
As more and more companies incorporate ESG considerations into their core business strategies, standardisation and transparency is key to ensuring that ESG reporting systems remain meaningful and offer useful and actionable insights.
KEY ESG provides the tools and solutions needed to track, analyse, and report ESG data with precision. Our platform enables organisations to gather metrics related to environmental impact, social responsibility, and corporate governance, helping them ensure compliance with regulations, while also enhancing over all sustainability performance.
By combining KEYESG’s cutting-edge technology with EFRAG’s expertise and influence in standard-setting, we are paving the way for more streamlined, consistent, and impactful ESG reporting and positioning ourselves at the forefront of Europe’s ESG transformation.
If you’re looking to streamline your ESG reporting systems, reach out to a member of our team today for a demo of our software. We’ll walk you through our systems and discuss how our intuitive software can help you ensure compliance and gather actionable insights to improve your metrics.
