EFRAG delivers Work Plan to the European Commission in response to ESRS Simplification Mandate

EFRAG has officially submitted its work plan to the European Commission outlining the steps it will take to fulfil the specific mandate received on 27 March 2025 to provide technical advice on the revision and simplification of the European Sustainability Reporting Standards (ESRS).

Following the publication of the Omnibus proposals and in line with the European Commissioner Albuquerque’s request, the EFRAG Sustainability Reporting Board (SRB) has approved today its comprehensive and fast-tracked work plan to deliver its technical advice by 31 October 2025.

The SRB is fully committed to the objective of reducing the reporting burden for companies while ensuring that ESRS remain practical, effective, and proportionate and support the quality and robustness of sustainability disclosures. EFRAG’s approach will build on the experience of first-wave companies that implemented ESRS as adopted in 31 July 2023 for their 2024 financial year.

Following the SRB discussions on 15 April, the EFRAG Secretariat and the SRB worked intensively to complete the detailed operational action plan and timeline supporting the work plan submitted to the European Commission today. The work plan sets out the key activities, deliverables, and stakeholder engagement that EFRAG will undertake in order to meet the target deadline of 31 October 2025. It includes in particular a public consultation on the Exposure Drafts which, due to time constraints, will take place between the end of July and early September.

EFRAG is fully committed to supporting the European Commission’s objectives and will maintain close coordination with its services throughout the process.

In line with EFRAG’s transparency principles, the work planis publicly available.