The European Financial Reporting Advisory Group (EFRAG) has proposed wide-ranging updates to the European Sustainability Reporting Standards (ESRS), which form the foundation of the Corporate Sustainability Reporting Directive (CSRD). These changes are designed to simplify sustainability reporting, reduce administrative burden and make it easier for companies to focus on the most important disclosure requirements without losing the core policy objectives of the European Union.
For many companies, the original ESRS presented an ambitious but highly complex framework. The 2025 revisions aim to make reporting more practical while retaining the ambition to improve transparency, address climate change, and strengthen the availability of sustainability information for investors, regulators, and other stakeholders.
