Following a period characterised by postponements, amendments and simplification measures, the main elements of the European framework for sustainability reporting are now in place.
The reform implemented in 2026 significantly altered the approach originally envisaged by the Corporate Sustainability Reporting Directive (‘CSRD’), reducing the number of companies subject to mandatory reporting whilst simultaneously simplifying the European Sustainability Reporting Standards (‘ESRS’).
At the same time, a voluntary European reporting standard was introduced, intended for companies not subject to the CSRD and also used to define the scope of information requirements along the value chain.
