ESRS 2026 standards ease sustainability reporting

As a result of the Omnibus package, the number of companies reporting under the Corporate Sustainability Reporting Directive (CSRD) decreased substantially, and the ESRS standards were subsequently revised. The ESRS 2026 standards reduce the number of mandatory reporting datapoints to less than half of those required under the ESRS standards published in 2023.

Companies reporting under the CSRD have several options for their 2026 reporting: they can either adopt the simplified standards or apply the 2023 standards, making use of the Quick Fix regulation and other relief measures. The transition to the new standards can therefore take place either immediately or during the following year. Regardless of the timing, the transition requires a thorough understanding of the changes introduced by the new standards. The way in which the standards were simplified presents a challenge of its own: disclosure requirements were reduced by combining data points and eliminating repetition. Adopting the new standards therefore requires a comparison between the previous list of data points and the new requirements.

At Bravura, we have been following the changes to the standards and familiarizing ourselves with the new requirements. Our first client-specific plans for adopting the new standards are already nearing completion. We offer an ESRS reporting simplification assessment service, in which we review your company’s current sustainability report and identify how reporting can be simplified under the revised standards. As a result of the assessment, you will receive an updated list of ESRS data points, a proposed structure for a more concise sustainability report, and practical recommendations for streamlining your reporting. Read more about our Corporate Responsibility Services here.

If adopting new standards is relevant to your organization, please get in touch.