EFRAG restarts work on sustainability standard for non-EU groups
The European Financial Reporting Advisory Group (EFRAG) has resumed work on the European Sustainability Reporting Standard for Non-EU Groups (N-ESRS) – the standard that will apply to non-EU groups with significant EU activities under the Corporate Sustainability Reporting Directive (CSRD) framework. EFRAG is now calling for companies to take part in a field test of the upcoming exposure draft.
Work on the N-ESRS had paused while the EU’s Omnibus simplification process reshaped the CSRD; with EFRAG’s simplified draft ESRS now delivered to the European Commission, attention can return to how third-country groups will report. Following the Omnibus changes, the standard is expected to apply to a much smaller population than originally envisaged, and will focus on companies’ sustainability impacts, rather than the impacts, risks and opportunities covered by the full ESRS.
A public consultation on the draft N-ESRS is expected to launch in the second half of July 2026 and run for 100 days, with EFRAG due to deliver its technical advice to the Commission by the end of January 2027. Companies wishing to join the field test, which consists of simulating an application of the exposure draft and completing a questionnaire, with follow-up interviews in October, should express interest by 1 July 2026.
Read more and register interest here.
