European Union Delayed
Corporate Sustainability Due Diligence Directive
Omnibus negotiations settled a narrowed scope; member state transposition now runs to July 2027.
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The EU sustainability reporting regime requiring double materiality disclosure, now substantially narrowed by the 2025 simplification omnibus.
Omnibus lifted employee thresholds and delayed later reporting waves by two years.
In plain language
The CSRD requires in-scope companies to report against the European Sustainability Reporting Standards on a double materiality basis, covering both the company's impacts on people and planet and the sustainability risks it faces. The first wave of reports was published in 2025.
The 2025 omnibus significantly raised the employee threshold, removed many mid-sized companies from scope, and delayed later reporting waves by two years while the standards themselves are simplified. For suppliers, the value chain disclosures remain the important part: buyers request primary data from suppliers to populate their own reports, and that request cascade continues regardless of the scope changes.
Obligations
Companies must assess and disclose both impact materiality and financial materiality across environmental, social and governance topics.
Reporting extends beyond own operations to material impacts in the upstream and downstream value chain, subject to transitional relief.
Sustainability statements require limited assurance, with a pathway towards reasonable assurance over time.
Timeline
Directive entered into force across the European Union.
First wave of CSRD-aligned reports published by the largest listed companies.
Stop-the-clock directive postponed waves two and three by two years.
Simplified European Sustainability Reporting Standards under revision by EFRAG.
Changelog
Entry updated to reflect the revised thresholds and the delayed reporting calendar.
Sources
Same jurisdiction
Omnibus negotiations settled a narrowed scope; member state transposition now runs to July 2027.
Read →Application began for large operators on 30 December 2025; SME obligations follow on 30 June 2026.
Read →Commission building the forced labour risk database ahead of application in December 2027.
Read →