ESRS Set 1: EFRAG publishes technical advice to the European Commission

On 3 December 2025, EFRAG published its technical advice on the revision of ESRS Set 1 (Delegated Regulation (EU) 2023/2772) to the European Commission. In addition to the technical advice, a markup version of the changes to the exposure drafts and a summary of the revision (factsheet) were also published.

The revisions include a number of changes compared to the exposure drafts, published on 31 July 2025 and the working paper, published on 24 November 2025.

The European Commission intends to adopt the final amendments in mid-2026. The amended ESRS Set 1 will then be applicable for financial years beginning on or after 1 January 2027, possibly with the option of earlier application.

The DRSC, together with EFRAG, will hold a public information event on the revision of ESRS Set 1 on 9 December 2025. Registration is possible at this link.

The DRSC also submitted its comment letter on the exposure drafts to EFRAG on 29 September 2025 and, since mid-2025, has drawn attention to important issues in the revision (materiality concept, reduction of data points, anticipated financial effects) in a number of letters to EFRAG.