ESRS simplification: what you need to know
EFRAG’s June 2025 progress update details the ongoing simplification of the European Sustainability Reporting Standards (ESRS), as mandated under the EU’s Corporate Sustainability Reporting Directive (CSRD). The proposed changes aim to reduce mandatory reporting requirements by more than 50%, focusing on six key levers: simplified Double Materiality Assessment (DMA), improved report structure and readability, redefinition of Minimum Disclosure Requirements (MDRs), improved understandability and clarity of the standards, other suggested burden-reduction measures, and better interoperability with global standards. These revisions are intended to ease implementation, enhance clarity, and increase alignment with international frameworks, ensuring that sustainability disclosures remain proportionate, relevant, and decision-useful.
