The European Financial Reporting Advisory Group (EFRAG) launched a live “EFRAG 2025 State of Play” portal and published an accompanying “State of Play 2025” PDF report presenting results from its market study on early implementation of the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). The portal includes a statistics dashboard and a repository of the 656 ESRS sustainability statements issued in 2025 that were collected between 1 January and 20 April 2025. EFRAG’s findings include limited materiality coverage across the topical ESRS standards, with only 10% of companies identifying all 10 topical standards as material, while Climate Change (E1), Own Workforce (S1), and Business Conduct (G1) were most commonly disclosed. The analysis also points to stakeholder engagement concentrated internally (97% involved internal stakeholders in materiality assessments) with broader societal stakeholder engagement described as rare, and to uneven disclosure practices such as 55% of companies reporting a climate transition plan with varied approaches and formats. Report length varied substantially (with country averages ranging from 70 to more than 200 pages), and financial institutions produced longer sustainability statements on average; biodiversity, internal carbon pricing, and reporting of human rights incidents were identified as comparatively limited. EFRAG noted that the study will inform its work on ESRS simplification under the mandate received from the European Commission on 7 March 2025 in the context of the Omnibus proposals.
European Financial Reporting Advisory Group 2025-07-23
European Financial Reporting Advisory Group launches ESRS State of Play portal and releases analysis of 656 CSRD sustainability statements
The European Financial Reporting Advisory Group (EFRAG) launched the "EFRAG 2025 State of Play" portal and report, revealing limited materiality coverage in early implementation of the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive. Only 10% of companies identified all 10 topical standards as material, with Climate Change, Own Workforce, and Business Conduct most disclosed. The study will guide EFRAG's work on ESRS simplification as mandated by the European Commission.