EFRAG has extended the deadline for its online survey collecting input for the Cost-Benefit Analysis of the Exposure Draft ESRS for Certain Non-EU Undertakings under Article 40a of the Accounting Directive. Non-EU companies within the scope of ESRS-40a reporting now have until 18 October 2026 to submit their responses.
Rationale for the Extension
The submission period has been extended to allow for broader participation and to secure comprehensive feedback from non-EU organisations falling within the scope of ESRS-40a reporting.
EFRAG is encouraging eligible non-EU entities to take advantage of the additional time to share their operational and financial perspectives. The survey focuses on gathering evidence regarding the practical costs and benefits of applying the proposed reporting standards outlined in the Exposure Draft.
Informing Advice to the European Commission
The Cost-Benefit Analysis will evaluate the financial and operational implications for reporting entities, while also assessing potential benefits for EU companies regarding a level playing field.
Outcomes from the survey will assist EFRAG in shaping its final technical advice to the European Commission, ensuring that stakeholder insights across regions are accounted for in the definitive requirements.
Stakeholders requiring additional background or having questions regarding the consultation can contact the dedicated ESRS-40a project team directly.
Frequently Asked Questions
What is the updated deadline for EFRAG's ESRS-40a survey?
Non-EU undertakings within the scope of ESRS-40a reporting have until 18 October 2026 to submit their survey responses.
What is the purpose of EFRAG's Cost-Benefit Analysis for ESRS-40a?
The analysis gathers data on expected costs and benefits for reporting companies and evaluates potential benefits for EU firms, helping EFRAG formulate its advice to the European Commission.
