Basis for conclusions : draft amended ESRS
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<dc:creator>European Financial Reporting Advisory Group</dc:creator>
<dc:creator>European Financial Reporting Advisory Group</dc:creator>
<dc:date>2025</dc:date>
<dc:description xml:lang="es">Sumario: The document outlines EFRAG's rationale for the July 2025 Amended ESRS Exposure Drafts, issued under an EU mandate to simplify sustainability reporting standards, reduce mandatory datapoints by over 50%, and enhance interoperability with ISSB (IFRS S1/S2). It details the due process, stakeholder input, and six simplification levers: clarifying the Double Materiality Assessment, improving readability and connectivity, restructuring General Disclosure Requirements, eliminating voluntary datapoints, introducing horizontal reliefs (e.g., undue cost/effort, partial metrics), and aligning language with IFRS. Key changes include streamlined architecture, deletion of non-essential disclosures, consolidation into principle-based requirements, and relocation of non-mandatory content to illustrative guidance (NMIG). Overall, mandatory datapoints dropped from 803 to 347 (-56.8%), voluntary datapoints were eliminated (-100%), and narrative granularity reduced significantly. Environmental and social standards underwent major simplifications, while governance and business conduct provisions were clarified. Despite enhanced interoperability, some differences remain, and reservations persist on issues like fair presentation, gross vs net impacts, and anticipated financial effects</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/188894.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>European Financial Reporting Advisory Group</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Normativa comunitaria</dc:subject>
<dc:subject xml:lang="es">Finanzas</dc:subject>
<dc:subject xml:lang="es">Cambio climático</dc:subject>
<dc:subject xml:lang="es">Impacto social</dc:subject>
<dc:subject xml:lang="es">Gerencia de riesgos</dc:subject>
<dc:subject xml:lang="es">Sostenibilidad</dc:subject>
<dc:subject xml:lang="es">NIIF S1</dc:subject>
<dc:subject xml:lang="es">NIIF S2</dc:subject>
<dc:subject xml:lang="es">Transparencia informativa</dc:subject>
<dc:subject xml:lang="es">Criterios ESG</dc:subject>
<dc:type xml:lang="es">Libros</dc:type>
<dc:title xml:lang="es">Basis for conclusions : draft amended ESRS</dc:title>
<dc:format xml:lang="es">104 p.</dc:format>
<dc:relation xml:lang="es">Documento relacionado: European Financial Reporting Advisory Group. Non-mandatory illustrative guidance : draft amended ESRS. - Brussels : European Financial Reporting Advisory Group, 2025</dc:relation>
<dc:description xml:lang="es">Key steps of EFRAG due process -- Establishing a vision on actionable levers for substantial simplification -- Gathering evidence from stakeholders, analysis of the issued reports and other sources -- Public call for input on simplification -- Interviews and workshops with stakeholders -- Benchmarking of reports and market analysis -- Inputs gathered through the ESRS Q&A platform -- Drafting and approving the EDs amending ESRS -- Levers of simplification -- LEVER 1: Simplification of the Double Materiality Assessment (DMA) -- LEVER 2: Better readability / conciseness of the sustainability statements and better connectivity with corporate reporting as a whole -- LEVER 3: Critical modification of the relationship between General Disclosure Requirements in ESRS 2 (GDR') and topical specifications -- LEVER 4: Improved understandability, clarity and accessibility of the Standards -- LEVER 5: Introduction of other suggested horizontal burden-reduction reliefs -- LEVER 6: Enhanced interoperability with the ISSB Standards (IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate related Disclosures) -- Amendments that enhance interoperability -- Amendments that negatively affect interoperability -- Other key simplifications -- Revised structure, drafting conventions and status of NMIG -- Leveraging on IFRS language to streamline the requirements -- Treatment of datapoints with SFDR PAI relevance -- Treatment of datapoints with Benchmark Regulation reference relevance -- Substantial reduction of mandatory and voluntary datapoints -- Statistics on the datapoint reduction methodology -- Graph - Reduction per standard shall datapoints -- Graph - Reduction per standard may datapoints -- Six datapoints moved as an exception to the rule of not moving may datapoints' to shall disclose' -- Four new datapoints added as an exception to the general rule -- Other significant technical issues -- Value chain cap -- Order of PAT Disclosure Requirements (DRs') -- Static versus dynamic information -- Glossary items -- Definition of reporting entity and reporting boundaries -- Value chain information for financial institutions -- Fine tuning of the list of topics/subtopics in AR 16 currently in Amended ESRS 1 General Requirements Appendix A -- Overview of main changes to individual ESRS and of the significant most frequent suggestions that were not implemented in the EDs -- ESRS 1 General requirements -- ESRS 2 General disclosures -- E1 Climate change -- E2 Pollution -- E3 Water -- E4 Biodiversity and ecosystems -- E5 Circular economy -- S1 Own workforce, S2 Workers in the value chain, S3 Affected communities, S4 Consumers and end-users -- G1 Business conduct -- Appendix 1: Due process approval notes EFRAG SR TEG -- Appendix 2: Due process approval notes EFRAG SRB -- Appendix 3: Statistics about the number of datapoints -- Appendix 4: EU datapoints including SFDR -- Appendix 5: Key messages from the State of Play 2025 report -- Appendix 6: How the frequent questions gathered in the ESRS Q&A platform have been addressed in the Amendments -- Appendix 7: ESRS E1 wording enhancements for interoperability</dc:description>
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