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ARTICLE · 11 AUGUST 2025

CSRD Update: Revised ESRS Published For Public Consultation

Arthur Cox
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On 31 July 2025, the European Financial Reporting Advisory Group (EFRAG), technical advisor to the European Commission, published exposure drafts of revised European Sustainability...

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On 31 July 2025, the European Financial Reporting Advisory Group (EFRAG), technical advisor to the European Commission, published exposure drafts of revised European Sustainability Reporting Standards (ESRS) for public consultation (the Exposure Drafts). According to EFRAG's press release, the revised drafts provide for a 57% reduction in mandatory datapoints and 68% overall.

Each of the 12 Exposure Drafts is accompanied by a "log of amendments".

The consultation closes on 29 September 2025 and EFRAG is due to deliver its final technical advice to the Commission by 30 November 2025.

EFRAG also published a series of documents to accompany the Exposure Drafts, including non-binding illustrative guidance, FAQ on the process and content of the Exposure Drafts, and a summary of feedback received from stakeholders through interviews and outreach events held prior to the development of the Exposure Drafts.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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