EFRAG Issues a Call for Tender: Cost and Benefit Analysis of Simplified ESRS
EFRAG is pleased to announce the launch of a Call for Tender for the selection of a service provider to conduct a Cost and Benefit Analysis (CBA) in support of the revision of the first set of European Sustainability Reporting Standards (ESRS). This initiative follows the request from the European Commission to simplify and streamline the ESRS in line with the objectives of reducing administrative burdens for reporting companies while maintaining the quality and utility of sustainability disclosures.
The selected contractor will have to provide a thorough and evidence-based assessment of the costs and benefits linked to the implementation of the revised ESRS, including an evaluation of the anticipated burden reduction. The selected contractor will work in close cooperation with the EFRAG Secretariat and be provided with relevant information and stakeholder feedback collected during the consultation and outreach phases.
Key Objectives:
- Support the simplification process of the ESRS as mandated by the European Commission in March 2025.
- Provide policymakers with a robust economic impact analysis to accompany the revised delegated act.
- Quantify cost reductions and identify benefits for preparers, users, and assurance providers of sustainability statements.
Scope of Work:
The assignment is divided into two deliverables:
- Preliminary Cost and Benefit Analysis (Deadline: 30 September 2025): based on the Exposure Drafts of the revised ESRS to be published by end-July 2025.
- Final Cost and Benefit Analysis (Deadline: 31 December 2025): based on EFRAG’s final technical advice and submitted to the European Commission by end-October 2025.
Who Can Apply?
The call is open to all interested and eligible entities in EAA countries or consortia with relevant experience in economic analysis, sustainability reporting, or regulatory impact assessments.
How to Apply:
Interested parties must submit their application and required documentation by 20 June 2025, 18:00 CET. Access the full tender specifications and submission details: