Delegated act to simplify ESRS reporting

On July 11, 2025, the Commission of the European Union adopted a delegated act to simplify ESRS reporting for companies subject to reporting requirements in 2025 and 2026. According to the Quick Fix Amendment, the phase-in rules in ESRS 1 Appendix C are amended as follows

• The reporting obligation for disclosures that were first planned for the years 2025 and 2026 (e.g. on “anticipated financial effects”) will be postponed to the 2027 financial year for companies in the so-called first wave.
• Certain phase-in exemptions that previously only applied to companies with up to 750 employees will be extended to all companies in the first wave. This concerns the disclosures on biodiversity (ESRS E4), workers in the value chain (ESRS S2), affected communities (ESRS S3) and consumers/end users (ESRS S4), which now only have to be fully disclosed from the 2027 financial year onwards. The extended group of companies now only has to disclose the minimum disclosures in accordance with ESRS 2.17.

With today's adoption of the delegated act, a maximum objection period of four months begins. During this period, the EU Parliament and the Council of the European Union have the opportunity to object to the delegated act. If no objections are raised, the delegated act will enter into force three days after publication in the Official Journal of the EU and will apply to financial years beginning on or after January 1, 2025. As this is a delegated act, it does not need to be transposed into national law.

The adopted delegated act, its annexes and an overview of the amendments can be found here.