Players have found a way to pause Elden Ring without modifying the game.
As it turns out, simply entering the inventory screen, pressing the help button, and then clicking “menu explanation” will pause the game.
This pause option seems to be an oversight and could be fixed soon, but at the same time it is definitely useful for those who take risks in the Interearth.
A recently released PC mod allows users to pause the game, but this newly discovered option also works with console versions of the game that cannot be modded. And since the mod affects the rules of the game and is technically cheating, it cannot be activated during online sessions.