Alessandro Zollo

EFRAG has published revised and simplified Exposure Drafts for European Sustainability Reporting Standards (ESRS) on 31 July 2025. These drafts propose significant changes, including a 57% reduction in mandatory datapoints. The initiative is part of the European Commission’s Omnibus initiative to reduce regulatory burdens for companies. Stakeholders are invited to comment on the Exposure Draft until 29 September 2025. For further information: https://ow.ly/kOze50Wy9Fo

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📝 We have responded to EFRAG’s consultation on amending the European Sustainability Reporting Standards (#ESRS) – part of the #EUOmnibus simplification drive. ⚠️ We warn that weakening impact disclosures goes against EFRAG’s mandate to align with global standards - which risks adding costs for companies, and hindering the comparable disclosure stakeholders need. ✉️ In a letter from GRI CEO Robin Hodess, and GSSB Chair Carol Adams, we ask EFRAG to 👉 ✅ Eliminate ambiguity for companies by aligning with GRI’s well-established definition of impact materiality; ✅ Enhance interoperability with global standards, when deciding mandatory datapoints to retain; ✅ Address reduced ESRS coverage by using #GRIStandards to fill the gaps; ✅ Reconsider use of net-based approach to impact assessment, as it risks undermining reliable reporting. Read the article and find out more 👉 https://lnkd.in/eJ7G9Kri

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🇪🇺 The #Omnibus Timeline: Key Milestones to Look out for The EU’s Omnibus Directive is reshaping sustainability reporting with a focus on simplification, clarity, and phased implementation. Here are the milestones that matter most: 🔹 Feb–Apr 2025: Omnibus announced and “Stop-the-Clock” directive approved & adopted — pausing CSRD deadlines and giving companies more time. 🔹 Jun–Jul 2025: New positions agreed on CSRD & CSDDD + simplified ESRS proposal from EFRAG. 🔹 Nov–Dec 2025: Technical guidance delivered + Member States transpose into national law. 🔹 2026–2028: New reporting timelines kick in — phased by company size (large companies in 2027, listed SMEs in 2028).   ✅ Why it matters: This is a critical reset for banks, corporates, and data providers. The Omnibus ensures entities have more time to prepare — but also raises the bar for data quality, integration, and compliance readiness.   💡 Takeaway: Now is the time to invest in scalable ESG data systems and governance. When the new timelines hit, the leaders will be those who used this pause to build for the future.   🤝 How ESG Book can help: We deliver high-quality, transparent #ESG data, reporting solutions, and integration tools to help you stay ahead of reporting requirements such as EBA Pillar 3, EU Taxonomy and SFDR — so you can turn compliance into a competitive advantage. Learn more at esgbook.com

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✳️ Interested in learning about EU #SustainabilityReporting frameworks and how to navigate them effectively? ✳️ To help you get started, we offer two free introductory courses which provide a comprehensive introduction to the Corporate Sustainability Reporting Directive (#CSRD) and the #VSMEStandard respectively. ✳️ These short 1-hour courses are designed to equip you with a comprehensive understanding of the fundamental principles and key concepts that underpin these important #EU reporting frameworks. ✳️ Whether you are just starting your journey into the world of #sustainability reporting or looking to refresh and update your existing knowledge, our free courses are an excellent resource. 👉 Join us and take the first step towards becoming proficient in sustainability reporting https://lnkd.in/eKPKZBWJ #CorporateReporting #EUReporting #CorporateResponsibility #CSRDReporting #SustainabilityCourses #CSRDCourses  #VSME #CPD #CPDCourses #ESG #GreenFuture #CSRDCertification #VSMECertification #CSRDInstitute

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Last Friday, EFRAG unveiled the much-anticipated revised ESRS Exposure Drafts. This marks a key step forward in fulfilling the European Commission’s request to simplify the ESRS adopted in 2023. The revisions reflect feedback from over 800 stakeholders, with substantial changes aimed at making sustainability disclosures under the CSRD more manageable for reporting companies. Core changes include: ⚠️ 57% fewer mandatory datapoints ⚠️ 68% reduction in total datapoints (mandatory + voluntary) ⚠️ 55% shorter standards overall ⚠️ Redesigned structure with an improved double materiality process ⚠️ Introduction of "undue cost or effort" reliefs ⚠️ Removal of voluntary disclosures While many welcome simplifications to the original ESRS framework, the significant (and in fact, a greater-than-requested) reduction in datapoints naturally raises concerns around trade-offs, particularly around the comparability and granularity of disclosures. A key question for our team is whether these scaled-back reporting requirements can still support the EU’s broader environmental goals. We’d love to hear your take:  is EFRAG striking the right balance between clarity and simplification, or diluting the standards too far? Next up: The 60-day public consultation is now open, running until 29 September 2025. Whether you're applauding the usability gains or flagging potential gaps, your input counts.

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41 new digital & ESG regulations will impact enterprises by 2030: https://lnkd.in/dpfqmnXs According to our latest Digital and ESG Regulation Outlook 2025–2030, regulatory momentum is accelerating. Of the 41 identified laws, 4 EU regulations stand out for their very high impact on organizations (due to their broad scope, high compliance costs, and steep penalties): 1⃣ Cyber Resilience Act (CRA) ✔ Applies to all manufacturers, importers, and distributors of digital products in the EU ✔ Mandates lifecycle cybersecurity management and fast incident reporting ✔ Penalties: Up to €15M or 2.5% of global turnover 2⃣ EU Data Act ✔ Targets connected product makers, data holders, and public institutions ✔ Grants user rights to access non-personal product data and removes exemptions based on trade secrets ✔ Penalties: Fines aligned with GDPR standards 3⃣ EU AI Act ✔ Applies to AI developers, deployers, and distributors (excluding personal use) ✔ Categorizes AI systems by risk, with strict rules for high-risk and generative AI ✔ Penalties: Up to €35M or 7% of global revenue 4⃣ Corporate Sustainability Reporting Directive (CSRD) ✔ Covers ~60,000 companies across the EU and global firms with EU subsidiaries ✔ Requires standardized ESG reporting and third-party audits ✔ Penalties: High implementation costs and nationally enforced fines Our verdict: Nearly all enterprises will be affected. Preparation must start now. This is not a compliance task to delay. How is your organization preparing?   📃 Read more about the 40+ digital and ESG regulations companies should have on their radar: https://lnkd.in/dpfqmnXs The full report has details for each piece of regulation and includes examples of how companies are getting ready. Author: Justina-Alexandra Sava #Regulation #ESG #Compliance #AI #Cybersecurity #DataGovernance #Sustainability #DigitalTransformation

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🆕 Major simplification coming to EU sustainability reporting: EFRAG has published the revised European Sustainability Reporting Standards (#ESRS) drafts. The draft standards cut mandatory datapoints by 57% – streamlining duplicative requirements while aiming to preserve core disclosure elements and increase alignment with global standards. What does this mean for companies reporting through CDP? 🔸 Increased harmonization: The proposed changes align ESRS E1 closer with the GHG Protocol and IFRS S2, the foundational baseline for CDP’s climate disclosure, introducing flexibility to calculate emissions under financial control in addition to operational control.   🔸 Streamlined approach to reporting: The revision reduces duplication and seeks improved coherence, though this comes with notably less implementation guidance.   🔸 Clearer double materiality assessments: Addresses previous challenges in double materiality assessment with clearer guidance. This revision is a step toward the harmonized global standards many companies have requested, though they also represent a pullback from the EU's initial environmental reporting ambitions. Explore the full CDP-ESRS E1 correspondence mapping for 2025 here: https://lnkd.in/ewHye-9G Ariane Coulombe

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🇪🇺 New ESRS updates: what you need to know The EU’s new “Omnibus” ESRS reforms mark a pivotal moment for corporate sustainability.  The European Financial Reporting Advisory Group (EFRAG) has now published edited draft revisions to the European Sustainability Reporting Standards (ESRS) Some key takeaways: ✳️ 57% fewer mandatory data points ✳️ 68% reduction in disclosures ✳️ Streamlined alignment with global frameworks like IFRS S1/S2 ✳️ A practical focus on double materiality—what truly matters, for business and planet Wave 2 and 3 reporters now have a two-year extension, and supply chain diligence is more targeted. Curious about what these updates mean for your organization? 🔗 Explore our in-depth analysis here: https://lnkd.in/gpen6xuk #Sustainability #ESG #CSRD #ThoughtLeadership #EURegulations Julien Denormandie | Rafael REYTIER | Ewa J.

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ESG — More Than Just Three Letters You’ve probably heard the term ESG everywhere lately — in boardrooms, reports, and LinkedIn posts. But do we really understand what it means? ESG stands for Environmental, Social, and Governance — the three pillars that define how responsibly and sustainably an organization operates. Let’s decode it 👇 🌍 E — Environmental It’s all about how a company impacts the planet. From carbon emissions and waste to water use and biodiversity — it measures whether business growth is happening at the planet’s expense or in harmony with it. 👥 S — Social This focuses on people — employees, suppliers, and communities. Fair wages, diversity, health & safety, and human rights all fall here. It’s about asking: Are we building profit or also building people? 🏛️ G — Governance The foundation of it all. It’s how a company is led, how decisions are made, and how transparent and ethical its leadership truly is. Without strong governance, “E” and “S” can’t stand. The truth: ESG isn’t just about ticking boxes. It’s about future-proofing your business — because companies that ignore ESG today will be irrelevant tomorrow. Koleen Davila - PalaganasLinh Doan ThanhJose RestrepoKevin Roopan, CEMJoyce Helena da Silveira Chies #ESG #Sustainability #CorporateResponsibility #ESGInvesting #SustainableBusiness #ClimateAction Image Credit: WatchWire ESG Reporting Guide

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Most companies say pressure for sustainability reporting increasing despite regulatory pullback: PwC survey Other key survey findings: o  Two thirds of companies continue increasing investments in sustainability reporting resources o  Sharp increase in ESG data tools, including carbon accounting, sustainability management software o  Nearly all companies derived value beyond compliance from sustainability reporting. https://lnkd.in/dDzwhkUr Nadja Picard #ESGreporting #sustainabilityreporting #csrd #reporting #sustainability

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🚨 New EU Sustainability Reporting Opportunity for SMEs 🚨 On 30 July 2025, the European Commission unveiled a major step forward for small and medium-sized enterprises (SMEs) with the introduction of a Voluntary Sustainability Reporting Standard. Developed by EFRAG, this new standard is designed to:  🚚 Help SMEs stay competitive in supply chains 💰 Improve access to green finance ✅ Reduce compliance burden This initiative is part of the broader Omnibus I simplification package, aiming to ease regulatory pressure while still meeting growing ESG data demands from larger companies and financial institutions. Read the full Flash Update below to explore what this means for your business and how to prepare, or get in touch with a member of our team Dr. Christian Mense, Catherine Detalle, Sarah Turner & Holly Suthren

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