Directive (EU) 2026/470 Enacted with Raised Reporting Thresholds

Directive (EU) 2026/470 (Omnibus I) significantly raises CSRD reporting thresholds. EU companies must now have >1,000 employees AND >€450M net turnover to be in scope (previously >250 employees AND €50M turnover). Non-EU company threshold raised to €450M turnover generated in the EU. Sector-specific sustainability reporting standards are now voluntary rather than mandatory. The directive introduces a value chain cap protecting companies with ≤1,000 employees from excessive information requests, limits assurance to 'limited assurance' only (removing pathway to reasonable assurance), and mandates creation of a digital reporting portal. Member States must transpose provisions by March 19, 2027.