July 31, 2025: EFRAG has released revised Exposure Drafts of the European Sustainability Reporting Standards (ESRS), marking a major step towards simplifying corporate sustainability reporting across Europe.
Following the European Commission’s March 2025 request, these revisions respond to widespread stakeholder feedback to ease the reporting burden—particularly for smaller and mid-sized entities—while preserving the standards’ core ambitions.
What’s New?
- 60-Day Public Consultation: Open from July 31 to September 29, welcoming input from companies, auditors, investors, regulators, and civil society.
- Significant Simplification:
- Mandatory data points cut by 57%
- Total data points reduced by 68%
- Length of the standards reduced by over 55%
- Key Improvements:
- Clearer structure and simplified double materiality guidance
- Elimination of voluntary disclosures
- New reliefs for high-cost/low-benefit disclosures
Stakeholder Engagement
EFRAG is inviting active participation through:
- Outreach events in September–October
- Cost-benefit assessments and field tests
- Public access to all revised documentation, including:
- Log of Amendments
- FAQs
- Illustrative Guidance
- Pre-consultation summary
Why It Matters
These streamlined drafts reflect a major milestone under the CSRD and the European Green Deal, aiming to boost accessibility, reduce compliance burdens, and promote resilient, value-driven sustainability disclosures.
How EcoActive ESG Can Help:
At EcoActive, we stay ahead of regulatory shifts—supporting your CSRD-aligned reporting with simplified tools, dynamic materiality mapping, and guided compliance workflows. Let’s make sustainability reporting easier, together. Book your walk-through.
Source & Full Details:
Read the official EFRAG announcement and access all documentation here:
