On September 21, 2026, the Official Journal of the European Union published a delegated regulation establishing a sustainability reporting standard for voluntary use by certain smaller companies. The voluntary reporting standard provides a single, proportionate reference framework for sustainability reporting by smaller companies outside the scope of the Corporate Sustainability Reporting Directive (CSRD). It is intended to make it easier for companies not covered by the CSRD to respond to specific requests for sustainability information from large financial institutions and companies. It also introduces a value chain cap, meaning that companies subject to the CSRD cannot require companies in their value chains that do not exceed the average number of 1,000 employees during the preceding financial year to provide more information than is covered by the voluntary standard. More information
