EFRAG's progress report on simplifying ESRS
EFRAG's progress report on simplifying ESRS
EFRAG released a progress report detailing proposed revisions of the European Sustainability Reporting Standards (ESRS) showing developments in its plan to develop technical advice on revised and simplified ESRS by 31 October 2025.
The report outlines six key levers aimed at reducing mandatory datapoints by over 50%. These levers include the followings:
The progress report can be accessed at the link.
The report outlines six key levers aimed at reducing mandatory datapoints by over 50%. These levers include the followings:
- Simplification of the Double Materiality Assessment (DMA)
- Better readability/conciseness of the sustainability statements and better inclusion in corporate reporting as a whole
- Critical modification of the relationship between Minimum Disclosure Requirements (MDR) and topical specifications
- Improved understandability, clarity and accessibility of the standards
- Introduction of other suggested burden-reduction reliefs
- Enhanced interoperability
The progress report can be accessed at the link.