EFRAG launches its new “EFRAG 2025 State of Play” portal — a live, interactive platform presenting key insights from its latest market study on the early implementation of the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). The portal provides access to detailed results via a statistics dashboard and repository of the 656 analysed ESRS sustainability statements issued in 2025 collected between 1 January and 20 April

The platform is now live and provides access to:

• Statistics Dashboard – Explore overall trends and metrics from 656 sustainability statements issued in 2025.

• Report Repository – Access the full set of company reports analysed (collected between 1 January and 20 April 2025).

Additionally, an accompanying “State of Play 2025” report is also available, summarizing the statistics and providing key insights.

Key Findings:

• Materiality Coverage: Only 10% of companies identified all 10 topical ESRS standards as material. Climate Change (E1), Own Workforce (S1), and Business Conduct (G1) were the most commonly disclosed.

• Stakeholder Engagement Gaps: 97% involved internal stakeholders in materiality assessments, but engagement with broader societal stakeholders remains rare.

• Transition Plans: 55% of companies disclosed a climate transition plan, though approaches and formats vary.

• Reporting Depth and Length: Sustainability statements vary widely in length (depending on countries, from 70 to more than 200 on average) with financial institutions producing longer reports on average.

• Underreported Topics: Biodiversity and internal carbon pricing remain limited in disclosures. Human rights incidents are rarely reported, despite other social data being present.

EFRAG’s 2025 study offers an early snapshot into the practical realities of CSRD compliance and the operationalisation of ESRS. It highlights that while many companies have taken significant steps, consistent and comparable reporting is still evolving. The report aims to inform preparers, regulators, and other stakeholders as Europe transitions to a more transparent and accountable sustainability reporting landscape.

The report also informs EFRAG’s work on the ESRS simplification under the mandate received from the European Commission on 7 March 2025 in the context of the Omnibus proposals.

EFRAG wishes to extend its gratitude to Boston Consulting Group (BCG) for their valuable support.