{"id":21989,"date":"2026-08-25T21:00:52","date_gmt":"2026-08-25T19:00:52","guid":{"rendered":"https:\/\/www.cbcsd.cz\/?p=21989"},"modified":"2026-08-25T21:02:31","modified_gmt":"2026-08-25T19:02:31","slug":"finalized-revised-corporate-sustainability-reporting-standards-esrs-approved-and-published","status":"publish","type":"post","link":"https:\/\/www.cbcsd.cz\/en\/finalized-revised-corporate-sustainability-reporting-standards-esrs-approved-and-published\/","title":{"rendered":"Finalized Revised Corporate  Sustainability Reporting  Standards (ESRS) Approved and Published"},"content":{"rendered":"<p>On 3 July 2026, <strong>the European Commission adopted revised European Sustainability Reporting Standards <\/strong>(<strong>\u201cRevised ESRS\u201d<\/strong>) and a voluntary sustainability reporting standards for smaller companies (<strong>\u201cVSRSSC\u201d<\/strong>). The measures are designed to<strong> maintain high-quality sustainability disclosures while reducing reporting burdens<\/strong> for businesses, forming a key part of the EU&#8217;s&nbsp;broader <strong>Omnibus I simplification initiative<\/strong>. More information about the Revised ESRS is available at this <a href=\"https:\/\/finance.ec.europa.eu\/regulation-and-supervision\/financial-services-legislation\/implementing-and-delegated-acts\/corporate-sustainability-reporting-directive_en\" target=\"_blank\" rel=\"noopener\">link<\/a>.<\/p>\n<p>The Revised ESRS provide investors and other stakeholders with information on companies&#8217; <strong>sustainability-related risks and impacts across environmental, social and governance topics<\/strong>, including climate change, biodiversity and human rights. According to the Commission, the revised standards are <strong>shorter and clearer<\/strong>, introduce <strong>new flexibilities<\/strong>, and <strong>streamline key reporting processes<\/strong>. A central objective of the revision is to reduce the burden on reporting companies. The Revised ESRS<strong> reduce the number of<\/strong> <strong>mandatory datapoints by more than 60%<\/strong> and the total number of datapoints by <strong>more than 70%<\/strong>, with the Commission estimating that these changes could <strong>lower reporting costs by<\/strong> <strong>more than 30% per company<\/strong>.<\/p>\n<p>Alongside the Revised ESRS, the Commission adopted a <strong>voluntary reporting standard for smaller companies<\/strong> outside the scope of the Corporate Sustainability Reporting Directive (<strong>\u201cCSRD\u201d<\/strong>). The framework is intended to help these organisations respond to sustainability information requests from larger companies and financial institutions. It also introduces a <strong>value chain cap<\/strong>, preventing companies subject to the CSRD from requesting more information from smaller value-chain partners than is covered by the voluntary standard.<\/p>\n<p>The finalised standards remain<strong> largely unchanged from the draft published in May 2026<\/strong> but include several clarifications. These include confirmation that <strong>asset managers are not required to disclose sustainability information on investments managed on behalf of clients<\/strong> and changes aimed at improving<strong> alignment with the ISSB <\/strong>(International Sustainability Standards Board)<strong> standards<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 3 July 2026, the European Commission adopted revised European Sustainability Reporting Standards (\u201cRevised ESRS\u201d) and a voluntary sustainability reporting standards for smaller &#8230; <a class=\"cz_readmore\" href=\"https:\/\/www.cbcsd.cz\/en\/finalized-revised-corporate-sustainability-reporting-standards-esrs-approved-and-published\/\"><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":21987,"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\/21989"}],"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=21989"}],"version-history":[{"count":1,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/21989\/revisions"}],"predecessor-version":[{"id":21990,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/21989\/revisions\/21990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/media\/21987"}],"wp:attachment":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/media?parent=21989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/categories?post=21989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/tags?post=21989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}