European Financial Reporting Advisory
European Financial Reporting Advisory Group (EFRAG) is a pivotal entity in the realm of financial reporting, headquartered in Brussels, Belgium, with significant operations across Europe. Established in 2001, EFRAG plays a crucial role in advising the European Commission on the adoption of International Financial Reporting Standards (IFRS) and enhancing the quality of financial reporting in the region. Specialising in the development and endorsement of financial reporting standards, EFRAG's unique position lies in its collaborative approach, engaging with stakeholders from various sectors to ensure comprehensive and effective reporting frameworks. Notable achievements include its influence on the European endorsement process and contributions to the global financial reporting landscape. EFRAG continues to be a leader in promoting transparency and consistency in financial reporting across Europe, solidifying its market position as a trusted advisory body.
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 21 is higher than 66% 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 reported total carbon emissions of approximately 133.1 million tonnes CO2e, which includes about 98.2 million tonnes from Scope 1 emissions and around 34.9 million tonnes from Scope 2 emissions (market-based). The organisation has not specified any reduction targets or initiatives under frameworks such as the Science Based Targets Initiative (SBTi) or the Carbon Disclosure Project (CDP). While no specific climate commitments or pledges have been documented, the substantial emissions figures highlight the need for ongoing efforts in carbon management and sustainability within the financial reporting sector. The absence of defined reduction strategies suggests an opportunity for the organisation to enhance its climate action framework and align with industry standards for emissions reduction.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2020 | |
|---|---|
| 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.
