How to run a CSRD/ESRS gap assessment against the final Simplified ESRS (C(2026) 5010 final, adopted 3 July 2026). By TomorrowWorks. Last updated: July 2026. What is an ESRS gap assessment? An ESRS gap assessment is a structured comparison of
In a nutshell The European Commission mandated EFRAG to simplify ESRS in February 2025 after stakeholder feedback flagged excessive complexity and reporting burden. The Amended ESRS achieve a 60.9% reduction in mandatory datapoints, 100% elimination of voluntary disclosures, and 55%
In the Corporate Sustainability landscape, there is a recurring challenge: strategy and data often live in separate silos. A company might have a detailed Net Zero roadmap but no digital tool to monitor progress. Conversely, an organization might have a
Important note It is likely that the amended (simplified) ESRS will not come into effect for FY2025 disclosure cycle, see the timeline for the amendments to come into effect here (p.2). This means Wave 1 companies have to maintain /
As a part of the Omnibus proposal, EFRAG is requested by the commission for technical advice to modify the delegated act on European Sustainability Reporting Standards (ESRS). The aim is to reduce number of mandatory datapoints by more than 50%
SBTi recently published a blog on how it sees the role of carbon credits in the upcoming Net-zero corporate standard. It is worth a read. To summarise, the standard doesn’t propose the use of carbon credits as a substitute for decarbonising operations, supply chain
AFM – Netherlands Authorities for the Financial Markets – recently published its supervision report, reviewing Annual Reports of 30 (NL-based) stock-listed companies that fall under the “first wave” of CSRD scope. The objective was to assess ESRS compliance, DMA outcomes, and transparency in
283 organisations, including over 200 businesses and investors, in a joint statement are urging EU policymakers to preserve the core of the EU sustainable finance framework. Rules on sustainability reporting, transition plans, climate targets and corporate due diligence are a key foundation for achieving the EU’s
TNFD recently sent a letter to EFRAG Chair – Mr Patrick de Cambourg – outlining its recommendations on simplification. The recommendations aim to provide a more coherent, conceptually consistent and science-based approach. It aims to significantly reduce reporting burden and improve interoperability with global reporting standards. Main points:
Both financial and non-financial companies will no longer have to categorize their activities under the Taxonomy if they are deemed non-material. Under this simplification, materiality is defined as any loan or investment representing more than 10% of a financial institution’s portfolio, or more than 10% of
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