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

On 6 May 2026, the European Commission launched a Have-Your-Say feedback process on draft final versions of (1) revised European Sustainability Reporting Standards (ESRS) under CSRD and (2) a sustainability reporting standard for voluntary use, intended in part to operationalize the CSRD “value chain cap” (limiting information requests from value-chain partners with ≤1,000 employees). Compliance teams should monitor and consider submitting feedback because the revised ESRS could materially change future required datapoints and reduce reporting burden, and the voluntary standard may become the reference point for supplier data requests and value-chain information collection expectations once adopted via delegated acts.