EFRAG Endorsement Status Report - Update

The European Union has published in its Official Journal a Commission Regulation endorsing Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7.​

The objective of the Amendments is to better reflect the effects of physical and virtual nature-dependent electricity contracts in the financial statements through narrow-scope amendments to the own-use assessment, hedge accounting and disclosure requirements.

The Amendments should be applied retrospectively for the own-use amendments and prospectively for the hedge accounting amendments for annual periods beginning on or after 1 January 2026, with earlier application permitted.

Download the EFRAG Endorsement Status Report

The document is also accessible on the 'Endorsement Status' section of the menu.