EU CSRD simplifications, CSDDD delays, Omnibus I finalized + revised ESRS + CBAM
Key Questions
What are the key simplifications in the finalized Omnibus I for CSRD reporting?
The Council approved Omnibus I on March 18, 2026, raising thresholds to €450M revenue and 1,000 employees while delaying Wave 2 reporting to 2028 and cutting ESRS requirements by 60%. A revised ESRS draft aligned with ISSB interoperability is expected June 3, 2026.
What is the updated timeline for the CSDDD?
The CSDDD has been delayed to July 2028, with the European Commission required to issue limited assurance standards by July 2027. This provides companies additional time to prepare for the due diligence obligations.
How does the CBAM timeline align with other EU environmental initiatives?
CBAM enters full effect in 2026 alongside CountEmissionsEU and the updated ISO 14001:2026 standard, creating a coordinated push for emissions tracking and reporting across EU supply chains.
Council okays Omnibus I Mar18 2026 €450M/1000emp/Wave2 2028/60% ESRS cuts; revised ESRS ISSB interop draft Jun3 2026; CSDDD Jul2028 with EC limited assurance standards due Jul2027; CBAM 2026, CountEmissionsEU, ISO 14001:2026.