On 6 May 2026, the European Commission published additional explanatory information (Q&A) clarifying how the CSRD ‘value chain cap’ is intended to function. The Q&A explains that CSRD in-scope companies cannot require value-chain partners with ≤1,000 employees to provide more sustainability information for CSRD purposes than what would be allowed under the Commission’s voluntary sustainability reporting standard (to be adopted via delegated act). This guidance is operationally important for supplier due diligence and data-request governance, as it frames what information can be demanded from smaller suppliers/partners and how to handle requests that exceed the cap.
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.
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.
EUR-Lex listings for Directive (EU) 2022/2464 (CSRD) indicate the act "has been changed" and that a "current consolidated version" exists dated 18/03/2026. This signals that CSRD has been amended and the consolidated text has been updated accordingly; compliance teams should consult the consolidated text and the specific amending act(s) to confirm any revised obligations, scope, and dates reflected as of that consolidation date.
Directive (EU) 2026/470 significantly raises CSRD mandatory reporting thresholds to companies with more than 1,000 employees AND net turnover exceeding €450 million (previously 250 employees and €50 million for large undertakings). This reduces CSRD scope by approximately 80%, exempting many mid-sized companies from mandatory sustainability reporting. Financial holding undertakings may now choose whether to report consolidated sustainability information. Member States have until March 2027 to transpose amendments.
Directive (EU) 2026/470 (24 Feb 2026) was published in the Official Journal on 26 Feb 2026 and is indicated as in force on EUR-Lex. It amends Directive (EU) 2022/2464 (CSRD) and related corporate reporting/audit legislation (including Directive 2013/34/EU and Directive 2006/43/EC) as regards certain corporate sustainability reporting requirements. Compliance teams should review the amended CSRD-related provisions and plan for Member State transposition/implementation, as this is a binding legislative change that can affect applicability scope, reporting obligations, and assurance-related mechanics within the CSRD framework.
ESMA issued an opinion dated 17 February 2026 on EFRAG’s technical advice regarding revised European Sustainability Reporting Standards (ESRS) used for CSRD sustainability reporting. While not itself a binding change to CSRD/ESRS requirements, this official supervisory authority opinion is relevant for compliance planning because it provides ESMA’s views on the direction and appropriateness of proposed ESRS revisions and relief mechanisms that may later be implemented via Commission delegated acts.
ESMA published/updated a ‘Sustainable Finance’ implementation timeline document (last updated 13 January 2026) that includes CSRD-related timing references. This document functions as operational guidance/coordination material for stakeholders tracking CSRD milestones and should be used as a reference aid (while the underlying legal acts remain controlling).
ESMA published a public statement setting out European Common Enforcement Priorities for 2025 corporate reporting. This statement is relevant to CSRD because it signals supervisory focus areas for corporate reporting and can influence how CSRD/ESRS sustainability statements are reviewed/enforced by national competent authorities. Compliance teams should consider these priorities when preparing CSRD-aligned disclosures and documentation supporting reported information.
The European Commission adopted a delegated act amending the first set of European Sustainability Reporting Standards (ESRS) to provide targeted relief for ‘wave 1’ CSRD reporters (first reporting for FY2024). The amendments extend certain ESRS phase-ins so companies can continue omitting specific disclosures in FY2025 and FY2026 (e.g., anticipated financial effects; and for certain undertakings, additional reliefs for Scope 3/total GHG and selected topical standards/datapoints) to avoid a step-up in disclosure requirements compared with FY2024. Compliance teams should reassess FY2025–FY2026 ESRS disclosure plans, internal data-collection roadmaps, and assurance readiness against the amended ESRS provisions.
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.
Directive (EU) 2025/794 (published in OJ L on 16 April 2025) amends the CSRD framework as regards application dates (commonly referred to as the CSRD ‘stop-the-clock’ mechanism). This legally underpins postponements of certain CSRD reporting timelines (notably for later ‘waves’ of companies) and requires companies to reassess their first reporting year and internal readiness plans in light of the updated application schedule and Member State implementing measures.
Directive (EU) 2025/794 postpones CSRD sustainability reporting requirements by two years for Wave 2 and Wave 3 companies. Wave 2 companies (large companies previously due to report for FY2025) now report in 2028 on FY2027 data. Wave 3 companies (listed SMEs, previously due to report for FY2026) now report in 2029 on FY2028 data. Wave 1 companies (large public interest entities already reporting) must continue as planned. Member States must amend national laws by December 31, 2025.
The European Commission published an ‘Omnibus package’ update describing a simplification initiative that includes proposed changes impacting CSRD (e.g., potential scope recalibration and ESRS simplification). This is an official policy/proposal communication (not the final legal text). Compliance teams should treat this as proposal-stage and monitor the legislative process and subsequent Official Journal publication for any adopted amendments.