Corporate Sustainability Reporting Directive (CSRD)

EU Commission Draft Delegated Regulation Simplifying ESRS Sustainability Reporting Standards

The European Commission has issued a draft delegated regulation to simplify and revise the ESRS sustainability reporting standards under CSRD, cutting required datapoints and clarifying materiality and value-chain rules from financial year 2027 with optional early use for 2026. If adopted, this will materially reshape ESG reporting design, internal controls and disclosure scoping for in-scope EU and non-EU groups, reducing compliance burden but requiring careful remapping of KPIs, phase-ins and their interaction with Omnibus I and CSDDD.

12 May 2026, 13:44eur-lex.europa.euEuropean Union

ESMA Publishes 2025 Corporate Reporting Enforcement Report for the EEA

On 07 May 2026 ESMA published its 2025 enforcement report summarising how national authorities supervised financial, sustainability (ESRS and Taxonomy) and digital (ESEF) corporate reporting across the EEA. The findings show supervisors concentrating interventions on climate and Taxonomy disclosures, ESRS 2 general disclosures, IFRS policies and ESEF tagging quality, signalling higher enforcement risk for weak implementation rather than introducing new rules or deadlines.

9 May 2026, 07:15esma.europa.euEuropean UnionEuropean Economic Area

Norway Finance Ministry Invites Input on EU Sustainability Reporting Standard Consultations

In May 2026 the European Commission opened consultations on simplified ESRS rules and a new voluntary sustainability reporting standard, and Norway’s Ministry of Finance is urging national stakeholders to respond by 3 June 2026. These proposals could reshape future CSRD reporting requirements and clarify how much sustainability data large companies may request from smaller value-chain partners, so companies should review the drafts and consider submitting input.

9 May 2026, 07:14ec.europa.euEuropean UnionNorway

European Commission Seeks Feedback on Revised ESRS and Voluntary SME Sustainability Reporting Standard

In May 2026 the European Commission opened a one-month consultation on draft revised European Sustainability Reporting Standards and a new voluntary SME sustainability reporting standard under the CSRD. If adopted, these delegated standards will streamline sustainability reporting and introduce a value chain cap that limits ESG data demands on smaller suppliers, cutting compliance costs and reshaping disclosure expectations across EU value chains.

8 May 2026, 17:37finance.ec.europa.euEuropean Union

EU Commission Q&A Clarifies CSRD Value-Chain Cap and Voluntary Reporting Standard

In May 2026 the European Commission published a Q&A explaining how the new CSRD value-chain cap, introduced via the Omnibus I Directive, limits the sustainability information that in-scope companies may require from smaller value-chain partners by tying mandatory requests to “necessary” disclosures in a draft voluntary standard. This guidance clarifies protections for micro and small businesses, emphasises that the voluntary standard remains optional, and will shape how CSRD reporters design supplier questionnaires and reporting processes for future sustainability reporting cycles.

8 May 2026, 09:23finance.ec.europa.euEuropean Union

Commission Seeks Feedback on Revised ESRS and Voluntary SME Sustainability Reporting Standard

From 6 May 2026 the European Commission is consulting for one month on draft revised mandatory ESRS sustainability reporting standards and a voluntary standard for smaller companies under the CSRD. These proposals would significantly streamline required datapoints and introduce a value-chain cap on supplier information demands, so companies should quickly assess how the changes could reshape their reporting scope, data needs, and supplier engagement.

8 May 2026, 09:19finance.ec.europa.euEuropean Union

European Commission Draft Delegated Regulation Establishing Voluntary Sustainability Reporting Standard And Value‑Chain Cap

The European Commission has released a draft delegated regulation creating an EU voluntary sustainability reporting standard for undertakings with up to 1,000 employees and defining the “value-chain cap” that will limit the sustainability data CSRD reporters can request from such suppliers from 2027 financial years. If adopted as proposed, this will standardise ESG questionnaires for smaller undertakings, cap excessive value-chain information demands, and require larger CSRD-reporting groups and financial institutions to realign supplier data collection and reporting processes ahead of the 2027 reporting cycle.

8 May 2026, 09:14eur-lex.europa.euEuropean Union

EU Parliament First-Reading Resolution on Corporate Sustainability Reporting and Due Diligence Published in Official Journal

The Official Journal has published the European Parliament’s first-reading legislative resolution on the Omnibus I directive amending EU corporate sustainability reporting and due diligence rules, confirming Parliament’s 16 December 2025 position as the final text of Directive (EU) 2026/470. This step does not add new obligations but formalises the agreed Omnibus I changes to CSRD and CSDDD, signalling that large groups and their value chains should now consolidate planning around the revised reporting and due diligence architecture.

8 May 2026, 07:29eur-lex.europa.euEuropean Union

Croatia Amends Capital Market Act To Phase In Sustainability Reporting For Listed Issuers

Croatia has amended its Capital Market Act to align with new EU rules on ESG risks and corporate sustainability reporting, phasing in sustainability disclosure obligations for listed issuers based on company size, turnover, and financial year-start dates. This change tightens ESG transparency expectations for larger Croatian issuers and groups from 2025 onwards, signalling increasing regulatory scrutiny of sustainability performance and reporting in domestic capital markets.

5 May 2026, 15:45narodne-novine.nn.hrCroatia

EFRAG Submits 2026 Sustainability Reporting Work Programme to the European Commission

EFRAG has submitted its 2026 sustainability reporting work programme to the European Commission, setting out a CSRD-mandated agenda for N-ESRS, SME support, interoperability and ESRS digitalisation. The programme signals when key consultations and digital reporting tools will arrive, allowing CSRD-reporting groups – including non-EU parents with large EU footprints – to plan for upcoming disclosure standards and XBRL-based ESRS filing.

28 Apr 2026, 18:18efrag.orgEuropean Union

The European Commission’s Safe-and-Sustainable-by-Design Framework: Bridging Innovation and Legislation

EU and national experts have published an open-access review showing how the European Commission’s Safe and Sustainable by Design (SSbD) framework links its five assessment steps to existing EU chemicals, product, waste, and sustainability legislation. While non-binding, this positions SSbD as a voluntary pre-market bridge between R&D and compliance, signalling that companies who embed SSbD early can streamline future regulatory and ESG obligations and better prepare for the direction of EU chemical policy.

28 Apr 2026, 17:54link.springer.comEuropean Union

German Environment Agency Publishes Study On ESRS–EU Taxonomy Reporting Synergies

Germany’s Environment Agency has issued an English-language study proposing how companies can better align reporting under the EU Taxonomy and the European Sustainability Reporting Standards, based on analysis completed in March 2025 and published in April 2026. While non-binding, the report offers influential input for future EFRAG implementation guidance and highlights practical ways to reuse Taxonomy data for ESRS disclosures, helping firms streamline EU sustainable finance reporting and planning.

28 Apr 2026, 15:04umweltbundesamt.deEuropean Union

Netherlands Publishes Explanatory Memorandum for ESAP Implementation Bill

In April 2026, the Dutch Parliament published the explanatory memorandum to its ESAP Implementation Act, detailing how national financial, corporate and pensions laws would be amended so that public supervisory, financial and sustainability information flows into the EU European Single Access Point. If adopted as proposed, this will require listed issuers, financial institutions and pension funds to deliver ESAP-ready, machine-readable reporting via AFM, DNB and the Chamber of Commerce from 2027 financial years onward, making early upgrades to data standards and reporting systems a strategic priority.

25 Apr 2026, 10:49zoek.officielebekendmakingen.nlNetherlandsEuropean Union

Germany Bundestag Legal Committee Holds Hearing on CSRD Implementation Bill

Germany’s Bundestag Legal Affairs Committee has held a hearing on the federal bill to transpose the EU Corporate Sustainability Reporting Directive and related Omnibus I simplification changes into German law, with experts debating scope, worker involvement, and who may audit sustainability reports. The outcome will determine how many German companies face mandatory sustainability reporting, how demanding the ESRS-based disclosure regime will be in practice, and how quickly legal certainty returns for large groups and their supply chains.

23 Apr 2026, 12:34bundestag.deGermany

EFRAG Issues Last Call for Input on Voluntary Sustainability Reporting Standard for Non‑CSRD Companies

In April 2026, EFRAG issued a last call for companies and other stakeholders across the EU to express interest in future engagement and research activities on an upcoming voluntary sustainability reporting standard for non-SME companies outside the CSRD scope, with responses due by 20 April 2026. This signals a continued expansion of European sustainability reporting expectations beyond the core CSRD perimeter and offers non-CSRD companies and financial actors an early opportunity to shape how voluntary reporting frameworks and future policy discussions evolve.

22 Apr 2026, 16:47efrag.orgEuropean Union

US House Bill H.R.8286 Would Amend Securities Disclosure Materiality and Create Public Company Advisory Committee

In April 2026, the US House introduced H.R.8286 (Protecting Americans’ Retirement Savings From Politics Act) to codify a narrow, issuer‑driven materiality standard for SEC disclosures, regulate proxy advisory firms and proxy voting practices, and establish a Public Company Advisory Committee. If enacted, this would tilt US securities regulation firmly toward pecuniary materiality, constrain ESG‑oriented or non‑financial disclosure and voting strategies unless investors explicitly consent, and prompt a formal SEC assessment of how EU regimes like CSRD and CSDDD affect US companies and capital markets.

16 Apr 2026, 15:58congress.govUnited States

EU Parliament Briefing on CountEmissionsEU: Near-Final Transport Emissions Accounting Rules

An April 2026 EPRS "EU Legislation in Progress" briefing confirms that co‑legislators have agreed the near‑final CountEmissionsEU regulation, establishing an EN ISO 14083‑based, EU‑wide framework for calculating and disclosing greenhouse gas emissions of freight and passenger transport services, with Parliament’s plenary vote still pending. Once adopted, the framework will make standardised service‑level GHG accounting the default across EU transport and logistics, pushing larger players toward robust data, tools and verification while offering SMEs simplified calculation support and exemptions, and feeding into green procurement, disclosure and anti‑greenwashing regimes.

13 Apr 2026, 12:09europarl.europa.euEuropean Union

ISSA 5000 Sustainability Assurance Standard Takes Effect in 2026: Accountancy Bodies Release Practical Guidance for Assurance Professionals

The global ISSA 5000 sustainability assurance standard takes effect in 2026, creating a unified framework for the independent verification of corporate ESG disclosures. Companies must enhance the rigor of their sustainability data governance to ensure that forward-looking targets and transition plans can withstand professional audit scrutiny.

2 Apr 2026, 16:59iaasb.orgGlobalEuropean Union

EU EESC Adopts Opinion on Review of Sustainable Finance Disclosure Regulation

The European Economic and Social Committee has formally endorsed the shift toward a product categorization framework in the Sustainable Finance Disclosure Regulation review. This advisory opinion signals strong institutional support for mandatory stewardship and tighter alignment between financial product labels and corporate reporting under CSRD and CSDDD.

31 Mar 2026, 19:14eur-lex.europa.euEuropean Union

European Commission Outlines “Simpler and Faster Europe” Simplification Agenda to EP Legal Affairs Committee

The European Commission has launched its Simpler and Faster Europe agenda targeting a 25 percent reduction in administrative costs with specific simplification packages for sustainability reporting and due diligence planned for 2025. This signals a strategic shift toward streamlining CSRD and CSDDD compliance burdens while simultaneously intensifying the enforcement of existing EU regulatory frameworks.

27 Mar 2026, 11:57ec.europa.euEuropean Union