{"id":20451,"date":"2026-05-13T17:02:31","date_gmt":"2026-05-13T15:02:31","guid":{"rendered":"https:\/\/www.cbcsd.cz\/?p=20451"},"modified":"2026-05-13T17:03:44","modified_gmt":"2026-05-13T15:03:44","slug":"proposed-eu-finalized-mandatory-and-voluntary-sustainability-reporting-standards-released","status":"publish","type":"post","link":"https:\/\/www.cbcsd.cz\/en\/proposed-eu-finalized-mandatory-and-voluntary-sustainability-reporting-standards-released\/","title":{"rendered":"Proposed EU Finalized Mandatory and Voluntary Sustainability Reporting Standards Released"},"content":{"rendered":"<p>On 6 May 2026, the European Commission launched, as part of its simplification agenda, a public feedback procedure on the draft final versions of the <strong>revised European Sustainability Reporting Standards <\/strong>(<strong>\u201cESRS\u201c<\/strong>) and<strong> the Voluntary Sustainability Reporting Standard for Smaller Companies <\/strong>(<strong>\u201cVSRS\u201c<\/strong>). The consultation procedure will expire on 3 June 2026. The draft revised ESRS and new VSRS can be accessed at this <a href=\"https:\/\/ec.europa.eu\/info\/law\/better-regulation\/have-your-say\/initiatives\/16775-Revised-European-sustainability-reporting-standards_en\" target=\"_blank\" rel=\"noopener\">link<\/a>, respectively this <a href=\"https:\/\/ec.europa.eu\/info\/law\/better-regulation\/have-your-say\/initiatives\/17232-Sustainability-reporting-standard-for-voluntary-use_en%20https:\/eur-lex.europa.eu\/legal-content\/CS\/TXT\/?uri=CELEX:32026L0805\" target=\"_blank\" rel=\"noopener\">link<\/a>.<\/p>\n<p>According to the Commission, the revised ESRS are expected to <strong>cut per\u2011company reporting costs by more than 30%<\/strong>, <strong>reduce mandatory datapoints by over 60<\/strong><strong>%<\/strong>, and <strong>cut total datapoints by over 70%<\/strong>, while preserving the quality and usefulness of sustainability disclosures for investors and other stakeholders.<\/p>\n<p><strong>The revised ESRS<\/strong> are expected to apply to <strong>financial years beginning on or after 1 January 2027<\/strong>, with companies having the option to apply them earlier for financial years beginning between <strong>1 January 2026 and 31 December 2026<\/strong>.<\/p>\n<p>Following the consultation, the Commission plans to adopt the final delegated act in the <strong>second quarter of 2026<\/strong>, which will then be subject to a <strong>two\u2011month scrutiny period<\/strong> by the European Parliament and the Council, extendable by a further two months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 6 May 2026, the European Commission launched, as part of its simplification agenda, a public feedback procedure on the draft final versions &#8230; <a class=\"cz_readmore\" href=\"https:\/\/www.cbcsd.cz\/en\/proposed-eu-finalized-mandatory-and-voluntary-sustainability-reporting-standards-released\/\"><i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i><span>\u010c\u00edst v\u00edce<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":20449,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","iawp_total_views":0},"categories":[577],"tags":[],"_links":{"self":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/20451"}],"collection":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/comments?post=20451"}],"version-history":[{"count":1,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/20451\/revisions"}],"predecessor-version":[{"id":20452,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/20451\/revisions\/20452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/media\/20449"}],"wp:attachment":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/media?parent=20451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/categories?post=20451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/tags?post=20451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}