The Enterprise Europe Network announces:
July 3, 2026
The European Commission has adopted a comprehensive revision of the European Sustainability Reporting Standards (ESRS) as well as a new, voluntary standard for smaller companies. The goal: to significantly reduce the administrative burden without compromising the quality of the reports.
The changes are part of the “Omnibus I” simplification package. In addition to streamlining the content, this will also reduce the number of companies that are subject to the strict CSRD reporting requirements in the first place.
Here’s what’s changing for companies subject to reporting requirements:
- Costs will drop by over 30%: Thanks to these simplifications, the European Commission expects a noticeable financial relief for each company.
- Radical data reduction: The number of mandatory data points will be cut by over 60%. The total number of all data points will even drop by over 70%.
- Greater clarity: The new ESRS texts are significantly shorter, written in more understandable language, and offer companies more flexibility in implementation.
What’s next?
The new regulations are currently under review by the European Parliament and the Council. Once the standard review period of two to four months has expired, the simplifications will officially take effect.
Source: European Commission
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