CSRD Omnibus and ESRS Revision

CSRD Omnibus I finalized with higher thresholds (€450M/1000emp), slashing scope ~80%. Revised ESRS adopted July 3, 2026, cutting mandatory datapoints 60% and introducing 'fair presentation' requirement. Double materiality remains. US SEC rescission of 2024 climate rules still pending—no final action yet, uncertainty persists. State rules (CA, NY) advance. EU-US regulatory divergence continues.