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ARTICLE · 07 AUGUST 2026

Corporate Update August 2026 - Sustainability Reporting & ESG

Arthur Cox
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The European Commission has adopted two delegated acts as part of the CSRD simplification under the Omnibus I package...

IrelandCorporate/Commercial Law
Arthur Cox
Arthur Cox
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CSRD: ESRS & VSRS ADOPTED

The European Commission has adopted two delegated acts as part of the CSRD simplification under the Omnibus I package:

  • Revised European Sustainability Reporting Standards (ESRS) which streamline and simplify CSRD reporting requirements.
  • Voluntary Sustainability Reporting Standard (VSRS) for smaller companies outside the CSRD’s scope. CSRD reporting companies may not require their value chain counterparties to provide information beyond what the VSRS covers (known as the “value chain cap”).

The revised ESRS apply from financial years beginning 1 January 2027. Companies subject to CSRD obligations for financial years beginning in 2026 may elect to apply the revised ESRS early.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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