The European Financial Reporting Advisory Group (EFRAG) has initiated a cost-benefit analysis (CBA) to assess the potential impact of proposed simplifications to the European Sustainability Reporting Standards (ESRS). The review, carried out by external consultants, runs in parallel with the ongoing public consultation on the reforms.
The move follows a request from the European Commission to streamline the ESRS in line with the EU Green Deal’s objectives, making sustainability reporting more manageable for companies while preserving its core goals.
The CBA is being conducted between July and December 2025, with active stakeholder engagement scheduled from August to September 2025. It includes a survey designed to collect feedback from a broad range of stakeholders at both European and national levels. Participants include entities within the scope of the Corporate Sustainability Reporting Directive (CSRD) as revised by the Omnibus proposals, as well as investors, rating agencies, lenders, civil society organisations, data providers, and other market participants.
An online survey has been developed to gather views on the costs and benefits of the proposed changes, and EFRAG is encouraging stakeholders to participate before the 12 September deadline.
