The EACB suggests including in the Materiality Assessment Implementation Guidance (MAIG) illustrative examples to help entities identify material impacts, risks and opportunities (IROs) to determine material sustainability matters, and demonstrate how it can apply MAIG requirements.
Additionally, we recommend EFRAG enhance the MAIG by providing detailed examples concerning various aspects related to engaging with affected stakeholders.
The EACB emphasized the urgent need for clarity on value chain reporting for financial institutions. The current lack of information poses challenges for banks struggling with specific questions related to the key concepts introduced by the ESRS. Until a specific guidance on the value chain reporting for banks is officially published, credit institutions are compelled to depend on the phase-in provision.