Prior to the submission of its technical advice to the Commission, EFRAG organised multiple outreach events with various stakeholder groups from May to July 2022, and ran a public consultation on the 13 draft ESRS Exposure Drafts developed by the EFRAG Project Task Force from April to August 2022. In the light of the comments received during these consultations, EFRAG revised the Exposure Drafts addressing stakeholders' concerns. The main areas of modification were:
(a) A significant reduction in the number of disclosure requirements and datapoints. EFRAG reduced the number of disclosure requirements by 40% and the number of individual data points by about 50%.
(b) Taking further account of global reporting standards, in particular to ensure as much interoperability as possible with the future standards being developed by the International Sustainability Standards Board and with the standards of the Global Reporting Initiative.
(c) A more central role for the materiality assessment pro
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