Today, the Commission is launching a consultation on the draft revised European Sustainability Reporting Standards (ESRS) and a voluntary sustainability reporting standard for smaller companies.
ESRS cover environmental, social, and governance issues, including climate change, biodiversity and human rights. These standards provide information for investors and other stakeholders to understand the sustainability-related risks to which companies are exposed and their impacts on people and the environment.
Building on the Omnibus I simplification package and the streamlined scope of the Corporate Sustainability Reporting Directive (CSRD), the draft standards published today aim to cut administrative burden for EU businesses while maintaining high-quality sustainability disclosures.
The draft revised ESRS are shorter and clearer, add new flexibilities, and streamline key processes. They are expected to cut per company reporting costs by more than 30%, reduce mandatory datapoints by over 60%, and cut total datapoints by over 70%.
The standards are largely based on the technical advice of EFRAG (previously known as European Financial Reporting Advisory Group) informed by stakeholder input gathered in spring 2025 and a public consultation on EFRAG’s draft in summer 2025.
The Commission is proposing targeted adjustments to further reduce burden without weakening the CSRD’s objectives of improving the quality, consistency, and comparability of sustainability reporting across the EU and increasing transparency on companies’ sustainability impacts and risks.
The draft voluntary standard will support companies outside mandatory CSRD reporting and establishes a ‘value chain cap’, preventing CSRD in-scope companies from requiring more information from value-chain partners with 1,000 employees or fewer than what the voluntary standard covers.
Stakeholders can provide feedback via the Have Your Say portal until 3 June 2026; the Commission will then adopt the two delegated acts as soon as possible and submit them to the European Parliament and Council for scrutiny under the no-objection procedure (two months, extendable by a further two).
Further information on the ESRS revisions and draft voluntary standards, as well as questions and answers regarding the ‘value chain cap’, are available online.
Today, Commissioner for the Mediterranean, Dubravka Šuica, is in Ankara to exchange on EU-Trkiye cooperation and issues of shared interests for the wider Mediterranean region. Trkiye is a key partner for the European Union – geographically, strategically, politically, and economically. Commissioner Šuica will meet with Minister of Foreign Affairs Hakan Fidan, Minister of Family and Social Services Mahinur Özdemir Göktas, and Minister of Interior Mustafa Çiftçi.
The Commissioner will address key issues of common interest like migration and security, and potential triangular cooperation under the Pact for the Mediterranean in areas such as energy, connectivity and investment. Through triangular cooperation, the Pact has also the potential to expand its scope beyond the southern Mediterranean, building on synergies with other EU initiatives. Participation of other partners in the region can also be explored, such as with Trkiye or the Gulf countries.
More broadly on the situation in the region, the Commissioner seeks to discuss ongoing support, recovery and reconstruction of Gaza as well as the peaceful and genuinely inclusive transition and socio-economic recovery of Syria.
Commissioner Šuica will give a statement to the press, which will be available at 17:30 CEST on EBS.
Commissioner for Economy and Productivity, Implementation and Simplification, Valdis Dombrovskis, will participate in the 2026 Brussels Economic Forum, taking place tomorrow in Brussels.
For more than 25 years, this Forum has brought together high-level European and international policymakers, academics, civil society, and business leaders to have forward-looking discussions on key issues for the European economy. This year’s edition will explore how Europe can harness artificial intelligence (AI) to boost competitiveness, productivity, and equitable growth. The speakers will exchange on topics such as the effects of AI on the future of work or the impact of AI on environmental sustainability.
Commissioner Dombrovskis will join a panel discussion on the economic impact of AI, assessing how it is transforming Europe’s economy and labour market dynamics. The session will explore the opportunities and challenges of building a competitive and inclusive AI-driven economy in Europe, including its effects on productivity growth, workforce adaptation, and economic inequality. The discussion will also address strategic priorities for the EU, such as balancing innovation with regulation, ensuring fair labour market transitions, and safeguarding public finances in an AI-driven future. The panel will be streamed live here, at 11:00 CEST.
In addition to Commissioner Dombrovskis, speakers in the event will include Nobel Prize Winner in Economics Philippe Aghion and Prime Minister of Luxembourg Luc Frieden, amongst other participants from the European Parliament and prestigious universities and think tanks. The full list of speakers and the programme is available on the Brussels Economic Forum website.
Tomorrow, the European Commission and the European Central Bank (ECB) will jointly host their annual conference on European financial integration.
This year’s event will focus on pensions, banking, and other key building blocks for advancing the Savings and Investments Union (SIU), the Commission’s flagship initiative to expand financial opportunities for EU citizens and strengthen the financial system’s ability to connect savings with productive investments.
Commissioner for Financial Services and the Savings and Investments Union, Maria Luís Albuquerque, and ECB Vice-President Luis de Guindos will give keynote speeches alongside policymakers and representatives from industry and civil society.
The panel discussions will examine how to rethink pensions for a more entrepreneurial Europe, and how a more integrated banking sector could strengthen the competitiveness of the EU economy as part of the wider aim to build a Savings and Investments Union.
The conference marks the launch of the Commission’s annual European Financial Stability and Integration Review (EFSIR). This year’s edition reviews market developments, financial stability and integration in the EU from 2025 to the first quarter of 2026. In addition, it assesses the financial conditions of non-financial corporations in the EU and takes stock of the funded pensions landscape across the Union.
Today, the European Commission has unveiled an ambitious social plan aimed at helping to eradicate poverty and promoting the rights of persons with disabilities across the EU. The package includes the first-ever EU anti-poverty strategy – the Commission’s plan to help end poverty in the EU by 2050; a proposal for a Council Recommendation on fighting housing exclusion; and two communications: one on breaking the cycle of child poverty – strengthening the European Child Guarantee – and one on reinforcing the strategy for the rights of persons with disabilities up to 2030.
With 52% of Europeans citing the cost of living as their top concern, the EU is tackling three urgent challenges: a housing crisis (lack of affordable housing is seen as an immediate and urgent problem by 40% of citizens, and 1 million are homeless); barriers to participation to a rapidly changing labour market; and poverty, affecting 1 in 5 Europeans – and 1 in 4 children.
In addition, many socio-economically vulnerable people are also exposed to discrimination and stigma. More needs to be done to ensure their rights are safeguarded. That includes the rights of persons with disabilities which must be fully realised in every aspect of life.
European Commission President, Ursula von der Leyen, said: ‘Poverty and exclusion are challenges we can and must overcome. Today, we put forward a strategy to prevent and reduce poverty. We are taking decisive action with a strengthened Child Guarantee, better prevention of homelessness and full inclusion for persons with disabilities. Dignity, opportunity, and equality. These are key values in the Europe we are building.’
A comprehensive approach to eradicate poverty
The EU anti-poverty strategy sets a clear path toward closing in on the EU target laid out in the European Pillar of Social Rights Action Plan of reducing the number of people at risk of poverty and social exclusion by at least 15 million by 2030, as well as helping eradicate poverty by 2050.
It integrates three priorities: quality jobs for all, as quality employment is the first way out of poverty for those who can work; effective access to quality services and adequate income support; and coordinated action against poverty.
The strategy lists a series of key actions to achieve these priorities. To break the cycle of poverty at every age, the Commission will, for instance, consult social partners on a possible new legal instrument to integrate persons excluded from the labour market. The strategy also lays out ways to support older people through adequate pensions. In addition, it stresses the need to join forces with national, regional and local governments, businesses and civil society to combat poverty, including by establishing a coalition against poverty later this year and a new structured dialogue to consult people experiencing poverty on relevant policies.
Breaking the cycle of child poverty: strengthening the European Child Guarantee
Children in the EU are at a higher risk of poverty or social exclusion than adults, with no meaningful decline in child poverty over the past five years.
The European Child Guarantee is the EU’s main tool to support children in need, in particular through free and effective access to services like early childhood education, healthcare and school meals. The Commission has now proposed to strengthen the guarantee to address the social emergency of persistent child poverty and the needs of vulnerable children. The focus is on securing families’ access to quality jobs, childcare and strong safety nets and improving access of children to mentoring programmes and mental healthcare. Furthermore, the Commission will pilot with Member States a European Child Guarantee Card to facilitate access to services and a coherent support for children in need. In addition, protecting children from online and offline threats, including exploitation and abuse, is key.
Fighting housing exclusion
Housing is a fundamental right – yet housing prices have surged by 60% since 2013 and Europeans face increasing obstacles to access proper housing. The proposed Council Recommendation on housing exclusion emphasises long-term solutions and prevention, to prevent housing exclusion and homelessness. It also promotes more social and affordable housing and takes a people-centred approach to support people finding a place to call home. It marks one of the deliverables of the first-ever European Affordable Housing Plan which the Commission put forward in December 2025 to comprehensively tackle the housing crisis affecting millions of Europeans.
Boosting accessibility and inclusion for persons with disabilities
With 90 million people – over 1 in 5 Europeans – living with a disability, full inclusion is imperative both to ensure rights are respected and also to boost Europe’s economy and democracy. Yet barriers remain: only 55% are employed, compared with 77% of persons without a disability; 1.4 million persons with disabilities still live in institutional settings; and 1 in 3 are at risk of poverty, nearly double the EU average.
To turn rights into reality, the Commission will step up our ambition and our implementation. Our actions include the EU-wide roll out of the European Disability Card and Parking Card, launching an Alliance for Independent Living to replace institutions with community-based support, improving transport accessibility and investing in assistive technologies such as AI tools.
Next steps
The Commission will support all actors in rolling out the EU anti-poverty strategy and the strengthened European Child Guarantee. Member States will discuss the Commission proposal for a Council Recommendation on fighting housing exclusion for its adoption by the Council. The Commission will also continue to support Member States in their full and effective implementation of existing legislation on disability while coming forward with an updated monitoring framework for the strategy for the rights of persons with disabilities 2021-2030.
Background
The EU uses a headline indicator to measure the risk of poverty or social exclusion, combining the three factors: relative monetary poverty, severe material and social deprivation, and very low work intensity.
In 2021, the European Pillar of Social Rights Action Plan announced an EU headline target on poverty reduction: reducing the number of people at risk of poverty or social exclusion by at least 15 million by 2030. Out of those, at least 5 million should be children.
The EU anti-poverty strategy and strengthening of the European Child Guarantee were announced in the 2024-2029 political guidelines. In the 2025 State of the European Union address, Commission President Ursula von der Leyen announced the EU’s goal to end poverty by 2050. A study by the Commission’s Joint Research Centre helped shape the strategy, demonstrating that an additional 0.25% of EU GDP could help 18 million people escape poverty. In addition, the Commission also surveyed almost 42,000 children aged 8-17 from all EU countries to gather their views on poverty and social inclusion.
Today’s Communication on Enhancing the Strategy for the Rights of Persons with Disabilities up to 2030 is a renewed commitment by the Commission to push for the implementation of the 2021-2030 EU Disability Strategy, responding to recommendations from the United Nations, as well as calls from persons with disabilities and their representative organisations, the European Parliament and the European Economic and Social Committee for stronger implementation and renewed action. It is part of the EU’s broader Union of Equality objectives.