European Commission opens feedback on draft revised ESRS and draft voluntary sustainability reporting standard (value chain cap operationalisation)

On 6 May 2026, the European Commission launched a ‘Have Your Say’ feedback period on (1) draft revised European Sustainability Reporting Standards (ESRS) under CSRD and (2) a draft sustainability reporting standard for voluntary use (intended for companies outside mandatory CSRD scope). The consultation is positioned as part of CSRD/Omnibus simplification, including operationalising the ‘value chain cap’ concept that limits what in-scope CSRD companies can require from smaller value-chain partners. Compliance teams should monitor and, where relevant, submit feedback, because the delegated acts would materially change ESRS datapoints and introduce a Commission-level voluntary standard that may become the ceiling for supplier data requests under the value chain cap mechanism.