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EU revises ESRS to cut sustainability reporting burden
05 Jul '26
2 min read
Pic: Generated by ChatGPT
Insights
European Commission has adopted revised ESRS and a voluntary sustainability reporting standard for smaller companies.
Mandatory datapoints are cut by over 60 per cent, with total datapoints down over 70 per cent.
The rules matter for textile and apparel suppliers responding to buyer and financier ESG data requests.
Acts now go to Parliament and Council scrutiny before they apply.
The European Commission has adopted revised European Sustainability Reporting Standards (ESRS) and a voluntary sustainability reporting standard for smaller companies, a move intended to ease reporting obligations for European Union (EU) businesses while keeping sustainability disclosures available for investors and other stakeholders.
The revised ESRS are shorter and clearer, introduce new flexibilities and streamline key processes, the European Commission said in a press release.
European Commission has adopted revised ESRS and a voluntary sustainability reporting standard for smaller companies.
Mandatory datapoints are cut by over 60 per cent, with total datapoints down over 70 per cent.
The rules matter for textile and apparel suppliers responding to buyer and financier ESG data requests.
Acts now go to Parliament and Council scrutiny before they apply.
It said mandatory datapoints are reduced by over 60 per cent and total datapoints by over 70 per cent, with reporting costs expected to fall by more than 30 per cent per company.
The revisions form part of the Omnibus I simplification package, which streamlines sustainability reporting
