Prepare for upcoming simplified ESRS for CSRD
UkończoneAs part of the Corporate Sustainability Reporting Directive (CSRD) Omnibus, the European Financial Reporting Advisory Group (EFRAG) published Exposure Drafts of the simplified European Sustainability Reporting Standards (ESRS), along with additional guidance including:
- Log of Amendments, to clarify what changed
- Basis for Conclusions, for why they changed
- Non-Mandatory Illustrative Guidance (NMIG), to clearly separate the non-mandatory content from the disclosure requirements within the ESRS
Proposed amendments
While the Exposure Drafts are subject to change based on feedback received during public consultation, they provide a glimpse at the amendments proposed for the final simplification.
EFRAG's proposed amendments revise and add content, to help:
- Clarify requirements and address implementation challenges
- Better align with the International Financial Reporting Standards Sustainability Disclosure Standards (IFRS SDS) and other global reporting standards
- Highlight specific principles-based concepts like Fair Presentation
For additional clarity of the Standards, the amendments also remove content, such as redundancies and superfluous information.
As proposed, this simplification:
- Removes all voluntary datapoints, which instead appear in the NMIG
- Reduces the total number of mandatory datapoints
- Introduces a limited number of new datapoints
What you can do to prepare
When finalized, the updated ESRS will be available in Sustainability Explorer. And, as the ESRS simplification continues to evolve, Workiva is focused on helping ease the adoption of the new version, for as smooth a transition as possible.
However, don't wait until then to get ready for the change!
- Respond to EFRAG's Survey on the Exposure Drafts by September 29 to provide your feedback during the public consultation.
- With the simplified DMA process and documentation, strategize how best to assess the double-materiality of sustainability topics, and refine your list of stakeholders to engage for more efficiency.
- With more flexibility in how your company organizes its information, think about how you manage your sustainability data, and identify areas where you can improve.
- Identify redundancies in your sustainability report — particularly between the General Disclosures and Topical Standards — and any granular narrative requirements added for compliance and not utility.
- Research what other consultants and experts — such as Ropes & Gray or EY — have to say about the simplification and how it impacts preparers.
To learn more about the ESRS in Sustainability Explorer, view Explore European Sustainability Reporting Standards in Support Center.
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Heads up that Sustainability Explorer now also includes the revised ESRS, as adopted by the European Commission in July 2026. The simplified Standards still appear in Explorer, now Archived instead of Draft.
To learn more about what to expect in support of the revised ESRS — including updates to Workiva AI, the CSRD assessment templates, and the ESRS Transition Accelerator — view Coming soon! Updates for revised European Sustainability Reporting Standards.
To learn more about EFRAG's Exposure Drafts — including the timeline and possible impacts — check out FAQ: What You Need to Know about the ESRS Consultation.
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