If key data points are cut by nearly 60%, how can we ensure ESRS reports remain comparable and decision-useful across industries?
2 Answers
Anonymous User
Excellent question and I have asked myself this as well! As we are diving deeper into the draft amended ESRS we see that some very useful disclosures in ESRS 2 and E1 have been cut out. For sure there have been some unecessary duplication of data points but cutting out strategic ESRS disclosures from my point of view is not useful. I am afraid the ESRS will loose its frontrunner position in ambition and many investors or financial institutions will require the ISSB or TCFD standard in addition.
Anonymous User
Thanks for this question Anna! From my point of view, cutting 60% of the data points clearly makes reporting lighter, but it also raises questions on comparability and decision-usefulness. The idea is that the remaining disclosures cover the essentials but some nuance will inevitably be lost.
It would be great to hear from experts in reporting and assurance: how do you see the balance between simplification and maintaining decision-useful ESRS reports? I also posted this discussion in the group CSRD Gap Closing – From DMA to the CSRD-Report.