EFRAG publishes draft simplified European Sustainability Reporting Standards

The EC is aiming to adopt this delegated act in late 2026, applying to in-scope entities in respect of financial year 2027.

On December 3, 2025, the European Financial Reporting Advisory Group (EFRAG) – an advisory body to the European Commission (EC) – published draft revised European Sustainability Reporting Standards (ESRS).

The draft revised ESRS propose significant departures from the current ESRS, including:

  1. reducing required datapoints (when material) by 61% and removing all voluntary disclosures;
  2. removing the

Register for free to keep reading

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day