ESRS (European Sustainability Reporting Standards)

The European Sustainability Reporting Standards (ESRS) are the mandatory disclosure standards under the CSRD (EU) 2022/2464, adopted by the European Commission as delegated acts. The first set of sector-agnostic ESRS (ESRS Set 1) was adopted in Commission Delegated Regulation (EU) 2023/2772 in July 2023, effective from January 2024. ESRS Set 1 comprises 12 standards: 2 cross-cutting (ESRS 1: General Requirements; ESRS 2: General Disclosures) and 10 topical (E1–E5: environmental; S1–S4: social; G1: governance). A Quick-Fix Delegated Act was adopted July 11, 2025 (published November 13, 2025). Revised simplified ESRS are expected from the Commission in Q2 2026 based on EFRAG’s December 2025 technical advice.

Commission Delegated Regulation (EU) 2023/2772 (ESRS Set 1, adopted July 31, 2023); ESRS Quick-Fix Delegated Act (July 11, 2025, published OJ November 13, 2025); EFRAG simplified ESRS exposure drafts (July 31, 2025).

ESRS are mandatory for CSRD-scoped companies. Current Wave 1 reporters must use ESRS Set 1 (with Quick-Fix relief) for 2024 and 2025 FY reporting. Revised simplified ESRS (expected Q2 2026 delegated act) will substantially reduce reporting requirements, particularly for topical standards E2–E5 and S1–S4. Companies should continue using current ESRS while monitoring the delegated act adoption process for timing and content of simplified standards.