Proposed amendments to simplify ESRS

Over the summer, EFRAG issued a proposition for the amendments to the European Sustainability Reporting Standards (ESRS). Although the ESRS might still change under influence of an ongoing feedback and consultation process, the proposed changes already provide a clear picture of what future reports will look like and which actions companies should begin considering. Despite the simplification proposed, the workload should still not be underestimated.

We’re seeing that the reduction in mandatory data points does not correlate exactly to the anticipated reduction in workload. Simplification is targeted primarily at qualitative data points, while most quantitative data points remain unchanged. Several analyses - such as the climate scenario analysis or climate transition plan - still remain relevant under the amended ESRS. Preparing for reporting will thus still require time and resources. For wave 2 companies, the stop-the-clock initiative offers valuable time to ensure you’re fully prepared.

Moreover, while compliance pressure may have eased, ESG expectations from stakeholders remain high. ESG-related risks and opportunities persist, and double materiality remains the best lens through which to identify what truly matters.

EFRAG has identified six key levers² to simplify ESRS and proposes significant changes to the standards under each of them. 

The table below summarises the key changes proposed for each lever.

EFRAG is due to deliver the simplified ESRS to the EC by 30 November 2025. The EC will then follow its own due process, including any further revisions to the standards.

If there are no significant delays, the simplified ESRS are likely to enter into force in late 2026. Until then, companies are required to continue to apply the existing ESRS framework, including the recent quick fix amendments.

The timeline below shows key milestones in the simplification process.