The Commission has adopted the delegated regulation revising the ESRS, following the consultations that took place last May.  

As a reminder, here are some of the key changes introduced compared to the already applicable ESRS:

• Reducing mandatory disclosure requirements by more than 60% and total datapoints by over 70%
• Clarification of the application of the double materiality principle
• Prioritisation of quantitative over narrative reporting
• Possibility to omit commercially sensitive information in specific circumstances

As for next steps, the Delegated Regulation will now be under Parliament and Council scrutiny for up to three months. If neither institution rejects it, the revised ESRS will apply from financial years beginning on 1 January 2027.

Companies may nonetheless choose to already apply them for the 2026 reporting year.