ESRS consultation enters its final week before the 3 June deadline

The European Commission’s revised ESRS package would cut mandatory datapoints by more than 60% and total datapoints by more than 70%, while retaining a simplified double-materiality approach. For legal teams, the near-term task is to convert simplification into defensible controls: materiality methodology, value-chain information boundaries and board-level disclosure governance still need to be documented before reporting calendars reset.