The European Financial Reporting Advisory Group (EFRAG) has formally submitted its work plan to the European Commission, detailing the steps it will undertake to fulfil the specific mandate received on 27 March 2025 to provide technical advice on the revision and simplification of the European Sustainability Reporting Standards (ESRS).
In response to the publication of the Omnibus proposals and a request from European Commissioner Albuquerque, the EFRAG Sustainability Reporting Board (SRB) has today approved a comprehensive, fast-tracked plan aimed at delivering its technical advice by 31 October 2025.
The SRB reaffirmed its commitment to reducing the reporting burden on companies while maintaining the practicality, effectiveness, and proportionality of the ESRS, and upholding the quality and robustness of sustainability disclosures. EFRAG’s work will draw on the experience of the first wave of companies that implemented the ESRS adopted on 31 July 2023 for the 2024 financial year.
Following discussions on 15 April, the EFRAG Secretariat and the SRB worked intensively to finalise the detailed operational action plan and timeline underpinning the submission. The work plan outlines key activities, deliverables, and stakeholder engagement processes to ensure the 31 October deadline is met. Notably, it includes a public consultation on the Exposure Drafts, scheduled to take place between late July and early September due to the accelerated timeframe.
