European Financial Reporting Advisory
European Financial Reporting Advisory Group (EFRAG), headquartered in Belgium, plays a pivotal role in the financial reporting landscape across Europe. Established in 2001, EFRAG has been instrumental in advising on the adoption and implementation of International Financial Reporting Standards (IFRS) within the European Union. Operating primarily in the financial services industry, EFRAG focuses on enhancing the quality of financial reporting and ensuring transparency for stakeholders. Its core services include technical advice, research, and stakeholder engagement, which are distinguished by a commitment to fostering high-quality financial information. With a strong market position, EFRAG has achieved notable milestones, including its involvement in the endorsement process of IFRS standards. The organisation's unique approach to collaboration with various stakeholders solidifies its reputation as a trusted advisor in the realm of financial reporting.
DitchCarbon Score
How does European Financial Reporting Advisory's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
European Financial Reporting Advisory's score of 26 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
European Financial Reporting Advisory's reported carbon emissions
In 2020, the European Financial Reporting Advisory (EFRAG) reported total carbon emissions of approximately 133,146,000 kg CO2e, which includes 98,194,000 kg CO2e from Scope 1 emissions and 34,952,000 kg CO2e from Scope 2 emissions (market-based). The organisation has not disclosed any Scope 3 emissions data. Currently, EFRAG has not set any specific reduction targets or initiatives, nor have they made any climate pledges. This lack of defined commitments places them in a broader industry context where many organisations are increasingly focusing on carbon neutrality and sustainability. As the climate crisis intensifies, it is essential for entities like EFRAG to establish clear strategies for reducing their carbon footprint and contributing to global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | |
|---|---|
| Scope 1 | 98,194,000 |
| Scope 2 | 34,952,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
European Financial Reporting Advisory is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
