Sustainability:
EFRAG Consultation on the revised ESRS

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On 31 July, 2025, the European Financial Reporting Advisory Group (EFRAG) published the draft of the revised European Sustainability Reporting Standards (ESRS) and opened it for consultation. The comment period runs until 29 September 2025.

Significant Reduction in Data Points

According to EFRAG, the following changes in particular have been made:

  • Simplification of the double materiality analysis,
  • Elimination of overlaps between standards,
  • Clearer structure and language,
  • Abolition of all voluntary disclosures,
  • Introduction of new relief measures, for example in the case of disproportionately high costs.

Overall, this has reduced the number of data points to be reported in the case of materiality by 57% and the total number of all mandatory and voluntary data points by 68%.

To facilitate the analysis of the changes, EFRAG has published various other documents, such as a comparative version and a “Basis for Conclusions.”

Submission to the European Commission by the End of November 2025

The draft is to be finalized taking into account the feedback and the results of the outreach events taking place in September and October, and submitted to the European Commission as technical advice by November 30, 2025.

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