XBRL US submitted a comment letter in response to the Amended ESRS Exposure Drafts published in July 2025 by EFRAG, a private association established with the encourgement of the European Union (EU) to serve the public interest. The exposure draft outlines simplifications and revisions in the EU Corporate Sustainability Reporting Directive (CSRD) that reduce the number of covered entities and required disclosures.
XBRL US responded to selected questions in the consultation related to improving the readability, clarity, and accessibility of ESRS Sustainability statements, as well as data interoperability and simplification. Our letter encouraged the acceptance of reports that complied with ISSB standards to enable interoperability and reduce reporting burden.
Read the letter: XBRL US Response to EFRAG Public Consultation Survey 9 29 2025
EFRAG has also been tasked with providing Technical Advice to the European Commission by drafting European Sustainability Reporting Standards (ESRS). EFRAG will publish technical guidance for the ESRS during an exposure period as well, which will close on November 30, 2025.
