ESRS revised: Still a Heavy Lift for Companies

Despite the streamlining, better structuring and improved readability of the European Sustainability Reporting Standards (ESRS), the burden of implementing the revised ESRS remains high for companies. In its response to the EFRAG's ESRS consultation, Deutsches Aktieninstitut therefore proposes the following:

• not introducing any new data points and reducing the existing ones further;
• clarifying concepts such as information materiality and fair presentation in the ESRS;
• only introducing anticipated financial effects once a meaningful methodology is in place;
• further strengthening interoperability to avoid double reporting for companies;
• requiring companies to report SFDR data points only if they are material to them.

Below you will find a summary of the statement and the completed questionnaire from EFRAG.