Article
The article explains the purpose and implications of EFRAG’s newly published ESRS simplification exposure draft. Its main aim is to ease the reporting burden, especially for SMEs, by reducing datapoints, by clarifying concepts like double materiality, and by introducing specific reporting principles to address the administrative burden of the previous version of the ESRS
What you learn
- What was maintained and what was deleted to reduce the overall number of datapoints
- The new reporting principle introduced in non financial reporting: “undue cost and effort”
- How to score negative actual impacts in light of remediation, mitigation, and prevention actions
- The likely next steps in the ESRS simplification process
