As requested by the European Commission with the ‘Omnibus I’ legislative simplification package, the European Financial Reporting Advisory Group (EFRAG) published the draft revised and simplified European Sustainability Reporting Standards (ESRS) on Thursday 31 July (see EUROPE B13588A4). It has launched a 60-day public consultation to gather comments from stakeholders.
EFRAG says it has streamlined the double materiality assessment, reduced overlaps across standards, clarified...