As part of the so-called “Omnibus I” simplification package, the European Commission adopted on 3 July 2026 revised European sustainability reporting standards (ESRS) as well as a voluntary reporting standard for smaller undertakings that do not fall within the scope of the CSRD but which may be affected as part of the value chain of an undertaking to which the CSRD applies.

The delegated act revising the ESRS standards and the delegated act setting out the voluntary reporting standard have been transmitted to the European Parliament and to the Council for scrutiny. The measures will apply once the scrutiny period of 2 months – which may be extended by a further 2 months – is over.

The press release is available here.