The EU has eased ESG reporting obligations in revised European Sustainability Reporting Standards (ESRS). Under the revisions announced Friday, asset managers that owe a fiduciary duty and manage portfolios under client‑agreed mandates are not required to report ESG data for every asset they hold. The Commission’s draft delegated act, published in May and subject to a public consultation that received more than 400 responses, forms part of a wider move to simplify reporting and boost competitive

The EU has eased ESG reporting obligations in revised European Sustainability Reporting Standards (ESRS). Under the revisions announced Friday, asset managers that owe a fiduciary duty and manage portfolios under client‑agreed mandates are not required to report ESG data for every asset they hold. The Commission’s draft delegated act, published in May and subject to a public consultation that received more than 400 responses, forms part of a wider move to simplify reporting and boost competitiveness. The Commission says the revisions cut the number of mandatory data points firms must report by over 60%.