The European Sustainability Reporting Standards (ESRS) just got simplified:
✅ Fewer disclosures – Mandatory datapoints have been reduced by 57%, and the full set of disclosures—both mandatory and voluntary—cut by 68%. Overall, the standards are now over 55% shorter

✅ Simplified Double Materiality Assessment (DMA) – Clearer principles, streamlined data needs, and practical guidance for top-down or bottom-up approaches.

✅ Flexible climate & GHG reporting – Scope 1, 2, and 3 remain mandatory, but companies can use sector averages/proxies where data is limited, with alignment to the GHG Protocol. Transition plans are still required but in a more flexible, strategic format.

Next steps for the companies:
Large PIEs → review the “quick fix” amendments
Large EU companies → make use of the “stop the clock” delay
SMEs → follow VSME developments

The aim? Less complexity, more focus on what’s truly material, and easier implementation for businesses.