European Commission adopts CSRD/ESRS “quick-fix” delegated act amending Delegated Regulation (EU) 2023/2772 to extend transitional relief for Wave 1 reporters (FY2025–FY2026)

The European Commission adopted a targeted ‘quick-fix’ delegated act amending the first set of ESRS (via an amendment to Delegated Regulation (EU) 2023/2772). The change is intended to reduce incremental reporting burden for companies already reporting under CSRD/ESRS (Wave 1) by extending certain phase-in/transitional provisions into FY2025 and FY2026 (e.g., continued ability to omit specified disclosures and broader access to phase-ins that previously depended on employee thresholds). Compliance teams should reassess FY2025–FY2026 ESRS data-collection scope, internal controls, and assurance planning to align with the amended phase-in requirements and relief measures.