Clearer, leaner, IFRS compliant – revised ESRS still not there yet

In our comments on the European Commission's draft delegated act revising the European Sustainability Reporting Standards (ESRS), we welcome the clarifications regarding the principle of fair presentation and the protection of legitimate business interests. However, we feel that the draft falls short of the Commission’s stated goal of presenting lean, practical standards. We are advocating for the achievement of this goal through a series of concrete proposals. For example, we propose creating the conditions for the IFRS Adoption Status for the EU within the ESRS and removing the concept of 'informed assessment'.