This document presents the formal evaluation of proposed simplifications to the European Sustainability Reporting Standards (ESRS). While the EBA supports the overall goal of reducing the reporting burden for companies, it expresses significant concern that certain permanent reliefs and data omissions could lead to long‑term information gaps. The authority argues that a lack of high‑quality, quantitative sustainability data may hinder risk management, facilitate greenwashing, and ultimately threaten financial stability. To address these risks, the EBA recommends implementing time‑limited transitions for specific disclosure exemptions to ensure companies eventually provide comprehensive metrics. Additionally, the EBA emphasizes the need for interoperability with global standards and calls for the retention of key indicators, such as greenhouse gas emissions intensity, to support informed investment decisions.