In conjunction with the launch on 4 December 2025 of the new Knowledge Hub, an interactive digital platform that centralises and integrates the ESRS Set 1 (2023), the Implementation Guidance, the VSME and LSME standards into a single ecosystem, with advanced navigation features, structured cross-references between paragraphs, datapoints, XBRL tags, Q&A and explanations to ensure regulatory compliance, interpretative consistency and reduction of operational burden.​ EFRAG has achieved a fundamental milestone by transmitting its Knowledge Hub to the European Commission. Technical Advice on the draft simplification of the European Sustainability Reporting Standards (ESRS).

This initiative is part of the broader "Omnibus" package, aimed at ensuring greater proportionality in reporting obligations for European companies. The document, the result of a process initiated in early 2025 and consolidated after the summer public consultation, proposes a structural revision of the current standards. The goal is to significantly streamline disclosure requirements, reducing the administrative burden and improving the framework's usability, while maintaining the quality and comparability of ESG data.

You can directly consult the texts of the new drafts and the related technical documentation at this official address: https://www.efrag.org/en/draft-simplified-esrs

The European Commission will now use this technical opinion as a basis for issuing the future Delegated Act. Once definitively adopted, the new Simplified ESRS will replace the previous set (2023) for companies falling within the scope of the modified CSRD, marking a decisive step towards more efficient and focused sustainability reporting.