What ESRS 2.0 really changes – and what it does not
The simplified ESRS is often described as a major relief for reporting companies. In reality, it is a targeted course correction rather than a rollback. This guide cuts through the noise and explains how ESRS 2.0 affects reporting scope, disclosures, materiality assessments, narratives, and data management, with a clear focus on practical and assurance-relevant implications.
In this guide, you will learn:
- Which ESRS requirements were simplified, reduced, or removed – and where expectations remain largely unchanged
- How the timing and legal applicability of ESRS 2.0 affects Wave 1 and Wave 2 companies
- What datapoint reduction really means in practice, and why disclosure requirements still drive reporting effort
- How double materiality assessments are expected to shift toward judgement-based, risk-focused logic
- Why narrative flexibility increases, but data quality and traceability become even more critical
- How assurance focus is evolving under ESRS 2.0, including increased scrutiny of non-obvious materiality decisions
- What companies should prioritize now to remain compliant, credible, and audit-ready during the transition period
Get your practical guide to understanding the simplified ESRS published by EFRAG, separating real changes from misconceptions, and explaining how reporting, materiality, and data requirements are evolving in practice.
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