European Single Electronic Format (ESEF) – ESMA Reports
 
European Securities and Markets Authority (ESMA) has published an example of an Annual Report in ESEF, also explained by the circular issued on 25^th of June by the Malta Financial Services Authority (MFSA). If you wish to know how an Annual Report in ESEF shall look like, refer to the following link.
 
Moreover, ESMA has issued a final report on the draft Regulated Technical Standards (RTS), amending Delegated Regulation (EU) 2019/815, to incorporate the 2020 IFRS taxonomy published by the IFRS Foundation on 16^th March 2020. The report can be found here.

ESG stands for Environmental, Social and corporate Governance. This acronym refers to the three main factors in measuring the sustainability and societal impact of an investment in a company which help to better determine the return and risks of companies as well as the ESG rating that shall further promote your business to investors.

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The IFAC PAIB Committee encompasses volunteers with experience and expertise in the world of business and the public sector, members are nominated by the professional accountancy organisations that make up IFAC’s membership. The committee is made up of 18 members from all over the world, each one being from a different country. The main aim of the committee is to give IFAC direct input on business and accountancy issues, relevant standard-setting initiatives, projects and initiatives, together with providing outreach and stakeholder engagement across the accountancy profession. Stephen L. Muscat represents Malta, Mr Muscat is also a member of the Malta Institute of Accountants (MIA) PAIB focus group.

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