meta_id 3296383

On July 3, 2026, the European Commission published a delegated act establishing revised European Sustainability Reporting Standards (ESRS) and a voluntary sustainability reporting standard. The revised ESRS simplify and streamline sustainability reporting requirements for organisations subject to the Corporate Sustainability Reporting Directive (CSRD). The revised ESRS will apply to financial years beginning on or after January 1, 2027, with early adoption permitted for the financial year 2026 once the delegated act enters into force. The publication follows the European Commission's request for technical advice from the European Financial Reporting Advisory Group (EFRAG) on the revision of the ESRS. EFRAG submitted its technical advice in December 2025, after which the Commission published a draft delegated act for public consultation in May 2026. Concurrently, the European Commission adopted and published a delegated act establishing a voluntary sustainability reporting standard for optional use by organisations not subject to mandatory CSRD requirements or seeking additional reporting frameworks. Both delegated acts have been transmitted to the European Parliament and the Council of the European Union for scrutiny in accordance with the EU legislative process. The acts will enter into force following publication in the Official Journal of the European Union, provided neither the Parliament nor the Council rejects them during the scrutiny period. Organisations should review the revised standards to assess implementation timelines and determine whether early adoption for the 2026 financial year aligns with their reporting strategies. The simplified ESRS and voluntary standard documentation, including staff working documents and annexes in all EU languages, are available on EFRAG's website.