{"id":2069,"date":"2025-09-22T10:41:01","date_gmt":"2025-09-22T09:41:01","guid":{"rendered":"https:\/\/cleeritesg.com\/?p=2069"},"modified":"2025-10-05T10:43:31","modified_gmt":"2025-10-05T09:43:31","slug":"swedish-corporate-reporting-board-hosted-an-outreach-event-with-efrag-on-the-esrs-simplification-proposal","status":"publish","type":"post","link":"https:\/\/cleeritesg.com\/index.php\/2025\/09\/22\/swedish-corporate-reporting-board-hosted-an-outreach-event-with-efrag-on-the-esrs-simplification-proposal\/","title":{"rendered":"The Swedish Corporate Reporting Board hosted an outreach event with EFRAG on the ESRS simplification proposal"},"content":{"rendered":"

Monday 22\/9, the Swedish Corporate Reporting Board hosted an outreach event with EFRAG to gather feedback on the ESRS simplification proposal<\/strong>. Approximately 50 people participated online, whereof a handful asked questions and\/or gave feedback.<\/p>\n

The goal was twofold: to clarify the upcoming changes and ensure Swedish stakeholders\u2019 perspectives are heard.<\/p>\n

Here are some key takeaways:<\/p>\n

Overall, the Confederation of Swedish Enterprises (Svenskt N\u00e4ringsliv) recognized EFRAG\u2019s work as \u201ca good step in the right direction\u201d.<\/p>\n

Insurance Sweden (Svensk F\u00f6rs\u00e4kring) shared that opinion but added that they were disappointed that the simplification did not go further, as \u201cthe weight of the datapoints is more important than the number\u201d. They also expressed that although clarified, \u201cDMA is still overly complex\u201d and \u201cshould be more principle based\u201d.<\/p>\n

Insurance Sweden expressed support for the fair presentation concept, but in their opinion the current wording risks introducing a compliance mindset. Wording such as \u201cinformation necessary for\u201d is difficult to appreciate.<\/p>\n

They also pointed out that auditors in different countries have different views. The fair presentation provision \u201cis not a concern in Sweden but in the South of Europe it seems to be\u201d. They suggested clarifying the wording to stress \u201cthe overarching principle-based framework to avoid information overload\u201d.<\/p>\n

The Confederation of Swedish Enterprises added that \u201cit is the management\u2019s view of fair presentation that is important\u201d, depending on their stakeholders.<\/p>\n

There was also a suggestion not to publish a non-mandatory implementation (NMIG) at all and \u201cleave it up to the market\u201d to determine practices, as larger companies will lead the way.<\/p>\n

The gross vs net issue does not seem to be a big issue in Sweden. The need to preserve comparability was stressed, with the suggestion to keep just one mandatory method, gross evaluation with an option for net evaluation, and move the appendix C to the non-mandatory implementation guidance (NMIG). \u201cVerifying remaining impacts is difficult, and it is challenging to define when a net approach is appropriate.\u201d<\/p>\n

Regarding the two options for disclosure of anticipated financial effects, the Confederation of Swedish Enterprises prefer option 2 (only qualitative) over option 1 (qualitative\/quantitative), but \u201coption 3 to remove financial evaluation of risks and opportunities altogether\u201d (both qualitative and quantitative) is their most preferred option \u201cfrom a reliability point of view\u201d.<\/p>\n

Insurance Sweden also prefer option 2 with only qualitative information, stating that \u201cit is more balanced and realistic\u201d as it recognizes \u201cpractical and legal risks\u201d as well as audit complexities. Sensitive data is particular difficult to report and can give a false impression. To ensure interoperability with IFRS-SS, financial data could be subject to voluntary disclosure.<\/p>\n","protected":false},"excerpt":{"rendered":"

Monday 22\/9, the Swedish Corporate Reporting Board hosted an outreach event with EFRAG to gather feedback on the ESRS simplification proposal. Approximately 50 people participated online, whereof a handful asked questions and\/or gave feedback. The goal was twofold: to clarify the upcoming changes and ensure Swedish stakeholders\u2019 perspectives are heard. Here are some key takeaways: […]<\/p>\n","protected":false},"author":1,"featured_media":2070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5],"tags":[],"class_list":{"0":"post-2069","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-csrd","8":"category-esrs","10":"post-with-thumbnail","11":"post-with-thumbnail-large"},"_links":{"self":[{"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/posts\/2069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/comments?post=2069"}],"version-history":[{"count":2,"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/posts\/2069\/revisions"}],"predecessor-version":[{"id":2072,"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/posts\/2069\/revisions\/2072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/media\/2070"}],"wp:attachment":[{"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/media?parent=2069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/categories?post=2069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cleeritesg.com\/index.php\/wp-json\/wp\/v2\/tags?post=2069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}