The European Financial Reporting Advisory Group (EFRAG) has launched an externally conducted cost-benefit analysis, including an online survey, to assess the potential costs and benefits of the proposed simplifications to the European Sustainability Reporting Standards (ESRS), running in parallel with its public consultation on ESRS simplification. The initiative follows a European Commission request to streamline ESRS to make sustainability reporting more manageable for reporting companies while retaining the core objectives of the EU Green Deal. The cost-benefit analysis is scheduled to run from July 2025 to December 2025, with active stakeholder engagement from August 2025 to September 2025. The survey seeks input from a wide range of stakeholders at European and national levels, including entities in scope of the Corporate Sustainability Reporting Directive (CSRD) as revised by the Omnibus proposals, as well as users and other stakeholders such as investors and other market participants including rating agencies and data providers, lenders, civil society organisations and society at large. Responses to the online survey are due by 12 September 2025.
European Financial Reporting Advisory Group 2025-08-08
European Financial Reporting Advisory Group launches cost-benefit survey on proposed ESRS simplifications
The European Financial Reporting Advisory Group (EFRAG) has initiated a cost-benefit analysis, including an online survey, to evaluate proposed simplifications to the European Sustainability Reporting Standards (ESRS). This analysis, requested by the European Commission, aims to streamline ESRS while maintaining the EU Green Deal's core objectives. Stakeholder engagement is sought from entities under the Corporate Sustainability Reporting Directive and other market participants.