The European Sustainability Reporting Standards are one of the few tools that allow EU citizens to keep an eye on the real actions of large companies and their impacts on communities and the planet. Weakening them now would open the door to greenwashing and take away the transparency people deserve, warn 29 signatories in a joint statement.
“Less reporting does not lead to fewer problems, but fewer solutions. It results in hidden impacts, creates blind spots, and fuels greenwashing. Europe’s citizens, workers, consumers, and investors need and deserve reliable data to understand how companies affect nature, communities, and daily life”, says Mariana Ferreira, Sustainable Finance Policy Officer at WWF European Policy Office.
The Corporate Sustainability Reporting Directive (CSRD), already diluted as part of the first Simplification Omnibus package in 2025, was designed to avoid unnecessary reporting. Its core safeguard is the materiality assessment, which ensures companies focus only on what is relevant to their business model, operations, and value chains. Weakening the ESRS – the standards developed to implement the CSRD in practice – risks creating a framework where companies may omit critical information not because it is unimportant, but because there is no longer a clear expectation to disclose it.
The statement also warns that weakening the standards would make it harder for people to understand the real-world impacts businesses have on nature, workers, and communities. Without clear, comparable information, responsible companies risk being indistinguishable from those making unsubstantiated claims.
The signatories urge the European Commission to protect the coherence, credibility, and legal mandate of the CSRD by strengthening, not weakening, the ESRS. Europeans deserve transparency, businesses need clarity, and markets depend on trustworthy information. Strong sustainability disclosures are essential for Europe’s economic resilience and strategic autonomy.
