EFRAG publishes complementary materials supporting the draft simplified ESRS

Following the release of the draft simplified European Sustainability Reporting Standards (ESRS), EFRAG is pleased to announce the publication of the Basis for Conclusions and of four other accompanying documents aimed at supporting stakeholders’ understanding of the draft simplified ESRS. The Basis for Conclusions also serves as feedback statement and explains how the feedback from the public consultation has shaped the amendments.

These publications include:

• Basis for Conclusions

• Cost–benefit analysis

• Logs of amendments for the 12 standards and for Annex II (Aggregated acronyms and glossary of terms)

• Comparative table of texts (Set 1 / ED / Technical Advice) for the 12 standards and for Annex II (Aggregated acronyms and glossary of terms)

• Explanatory note on Article 29b and its Annex.

The draft simplified ESRS form part of EFRAG’s technical advice to the European Commission, following a 2025 request from European Commissioner for Financial Services and the Savings and Investments Union, Maria Luís Albuquerque, to simplify the delegated act on ESRS. Building on feedback based on the experience with CSRD “Wave 1” reports, a 60-day public consultation, an extensive outreach programme and two field tests, the simplified standards aim to significantly reduce reporting burden while preserving the core objectives of the EU Green Deal.

Explore the draft simplified ESRS now

Chiara Del Prete, EFRAG SR TEG Chair commented: “The release of the Basis for Conclusions and the accompanying materials marks the completion of the mandate EFRAG received to simply ESRS. These documents provide insights into the extensive feedback obtained and how it has informed the amendments, into the steps of the standard-setting process and into the rationale leading to the final approval, including trade-offs considered in reaching the conclusions”.