French standards setter chimes in on simplifying ESRS for smoother sustainability reporting
Following the European Commission’s omnibus proposal to streamline the Corporate Sustainability Reporting Directive (CSRD), the French accounting standards authority (ANC) formed a working group to propose simplifications to the European Sustainability Reporting Standards (ESRS). At the request of Commissioner Věra Jourová (Albuquerque), EFRAG is expected to provide its technical opinion later this year.
The working group, comprising private sector stakeholders and public bodies, has finalised its proposals, which have garnered broad support from Paris‑based entities and government authorities. These proposals were submitted to EFRAG to help shape its technical advice on easing the ESRS framework.
Beyond France, the ANC collaborated with counterparts in Germany (DRSC), Spain (ICAC), and Italy (OIC), sharing detailed simplification ideas and agreeing on overarching principles to ensure any reforms genuinely address the needs of stakeholders across Europe.
The full suite of proposed contributions can be accessed via the ANC website, providing clarity on France’s thinking in shaping a streamlined ESRS regime.
