European Financial Reporting Advisory Group (EFRAG) has published the Draft XBRL Taxonomy for the Revised European Sustainability Reporting Standards (ESRS) and opened a public consultation period running through 11 November 2026.
The draft taxonomy establishes the technical framework required to convert ESRS sustainability disclosures into a standardized, machine-readable format under the Corporate Sustainability Reporting Directive (CSRD). The taxonomy aligns directly with the Draft List of Datapoints released in August 2026, incorporating the technical attributes and concepts needed for digital representation across European financial markets.
The technical framework updates and replaces the previous taxonomy version released by EFRAG in August 2024, reflecting the updated ESRS framework adopted in July 2026. The eventual digital tagging requirement will be enforced via the European Single Electronic Format (ESEF) following formal regulatory adoption by the European Securities and Markets Authority (ESMA) and the European Commission.
Key operational timelines and technical details include:
- Consultation deadline: Public feedback accepted from software vendors, digital reporting specialists, and market participants until 11 November 2026.
- Regulatory submission: Final XBRL Taxonomy planned for submission to ESMA and the European Commission by the end of 2026.
- Technical integration: Translates ESRS reporting requirements into machine-readable XBRL elements and concepts, establishing data structures for CSRD reporting compliance.
- Implementation status: Digital tagging of ESRS disclosures remains voluntary until ESMA and the European Commission finalize the supporting ESEF regulatory framework.
