Simplified ESRS – further simplification is needed

Since mid-December, the European Commission has been consulting member states on the European Sustainability Reporting Standards revised by EFRAG. EFRAG has not succeeded in creating lean, simple and practical standards for sustainability reporting, as requested by the European Commission. In its comments to the Federal Ministry of Justice and Consumer Protection, Deutsches Aktieninstitut is therefore advocating further simplification of the ESRS in the drafting of the delegated acts. In particular, we propose deleting the reporting of expected financial impacts by companies, clearly defining the primary user and eliminating all data points that EFRAG has additionally included in ESRS 2.0 compared to Set 1 of the ESRS.