EFRAG Publishes 12 Revised ESRS Exposure Drafts for Simplified Sustainability Reporting

On July 31, 2025, EFRAG published exposure drafts for 12 revised European Sustainability Reporting Standards as part of the Commission’s directive to simplify ESRS. The revisions place greater emphasis on materiality as an overarching principle while simplifying double materiality assessment. The proposals significantly reduce mandatory data points and application guidance, moving some content to nonmandatory illustrative guidance. The standards enhance flexibility in information presentation and improve interoperability with global frameworks. The revisions explicitly include the fair presentation principle and simplify general disclosure requirements. (source not available)

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Simon Mak
Simon Mak didn’t set out to build just another finance firm—he set out to change how business measures success. After graduating from McGill University and earning credentials as a CFA and CMA, Simon founded Ascent Partners in Hong Kong, blending financial rigor with a vision for sustainability. Along the way, he realized that true value isn’t just in numbers—it’s in impact. That belief inspired the Ascent Partners Foundation, which Simon leads as Chairman. The foundation supports causes from poverty relief to environmental protection, partnering with NGOs and sustainability networks to drive real change. His influence extends beyond the boardroom through roles with Friends of the Earth, the UN ESCAP Sustainable Business Network, and industry alliances—always guided by one principle: business should be a force for good.
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| September 14th, 2025 | Posted in News |

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