Directive (EU) 2026/470 narrows the EU-level CSRD scope from financial years beginning on or after 1 January 2027, with Member State transposition required by 19 March 2027; Member States may separately exempt certain wave-one undertakings for financial years beginning in 2025 or 2026. Commission Delegated Regulation (EU) 2026/1560, adopted on 3 July 2026 and published…
On 17 September 2026, EFRAG released the draft ESRS XBRL taxonomy for the revised ESRS and opened a public consultation that runs until 11 November 2026. The taxonomy is the technical structure that will let a sustainability statement prepared under the revised European Sustainability Reporting Standards be produced in a machine-readable form. EFRAG plans to…
On 28 August 2026 the EFRAG Secretariat published the 2026 Draft List of ESRS datapoints together with an Explanatory Note. EFRAG also said that a draft XBRL taxonomy had been prepared in parallel and would be published separately for public consultation. The list rebuilds the full inventory of sustainability datapoints against the revised European Sustainability…
On 28 July 2026, EFRAG placed the 2026 revised European Sustainability Reporting Standards and the new voluntary standard inside the ESRS Knowledge Hub as an interactive document set. The revised standards were adopted by the European Commission as delegated acts on 3 July 2026, and the Hub is where preparers can now read the final…
On 3 July 2026 the European Commission adopted two delegated acts that rewrite how the European Sustainability Reporting Standards work: a revised set of ESRS and a new voluntary standard for smaller companies. The revised ESRS cut the number of mandatory datapoints by more than 60% and the total number of datapoints by more than…
A group headquartered in New York, Tokyo or Sao Paulo with no EU listing and no intention of ever seeking one can still be pulled into European sustainability reporting. CSRD third-country reporting reaches groups through the size of their European activity, not through a securities admission. If a non-EU group sells enough into the Union…
If you work in reporting at a Luxembourg bank, fund manager, or insurance company, the CSRD has probably been on your radar since 2023. You may have started a gap analysis. You may have budgeted for an ESG data platform. And then the Omnibus hit, the scope shrank by roughly 80%, the timelines shifted, and…