EFRAG invites feedback on cutting ESRS red tape

Posted on April 21, 2025 by Editor

EFRAG wants to hear from you. On 8 April, the European Financial Reporting Advisory Group launched a public call for input on simplifying the first set of European Sustainability Reporting Standards (ESRS).

This follows a formal request from the European Commission, asking for technical advice by 31 October 2025 to support a revised delegated act.

The goal? Cut complexity, streamline disclosures, and ensure that sustainability reporting works in practice-not just on paper. EFRAG is collecting input via an online questionnaire, targeting early ESRS preparers, auditors, and users. Top of the agenda: which mandatory datapoints are least useful, how to fix unclear provisions, and how to keep the focus on what's truly material.

This isn't just a technical clean-up-it's an opportunity to shape how sustainability reporting evolves in Europe. And EFRAG isn't working in isolation. This consultation complements workshops and interviews designed to capture real-world experience from the first wave of reporters.

The direction is clear: simplify where it makes sense, but don't compromise quality. It's a balancing act-and one that we will be watching closely.

Submissions close on 6 May. Have your say here.