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 32 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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European Financial Reporting Advisory's reported carbon emissions
In 2020, the European Financial Reporting Advisory Group (EFRAG) reported total carbon emissions of approximately 98,194,000 kg CO2e for Scope 1 and about 34,952,000 kg CO2e for Scope 2, resulting in a combined total of around 133,146,000 kg CO2e for both scopes. The organisation has set ambitious climate commitments, aiming to maintain carbon neutrality for its worldwide operations through at least 2025 for both Scope 1 and Scope 2 emissions. This commitment reflects a proactive approach to climate action, aligning with industry standards for sustainability. While no Scope 3 emissions data was disclosed, EFRAG's focus on reducing its direct and indirect emissions demonstrates a comprehensive strategy towards achieving net-zero emissions. The emissions data is not cascaded from any parent organisation, indicating that EFRAG is independently managing its carbon footprint. The organisation's commitment to carbon neutrality is a significant step in addressing climate change and promoting sustainable financial reporting practices in Europe.
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| 2018 | 2020 | |
|---|---|---|
| Scope 1 | - | 00,000,000 |
| Scope 2 | 193,000,000 | 00,000,000 |
| Scope 3 | 11,672,000,000 | - |
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 participating in any of the initiatives that 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.
