The CSRD (Corporate Sustainability Reporting Directive) is the EU directive requiring companies to report sustainability data to an auditable standard, covering environmental, social and governance topics. After the Omnibus I package (in force since March 2026), scope was narrowed to companies with more than 1,000 employees and over €450 million in turnover, and the first report (covering FY2027) was pushed back to 2028.
Why it matters: even scaled back, the CSRD still reaches non-EU companies with significant activity in the bloc, so the delay does not remove the obligation, it just buys more time to prepare.