EFRAG recently submitted its draft simplified ESRS (European Sustainability Reporting Standards) to the European Commission. A key component of the Commission’s Omnibus I simplification directive, the ESRS simplification is aimed at reducing sustainability reporting requirements for companies subject to the CSRD. Among other things, EFRAG’s release notes a 61% reduction of data points that are required if material, and deletion of all voluntary disclosures, as well as enhanced interoperability with the ISSB Standards. This “At a Glimpse” fact sheet highlights key changes from the current requirements. The Society weighed in on the consultations that informed the proposed revisions in May and September.