CSRD sustainability statements, with financial-grade traceability

What it is / who must comply (post-Omnibus, mid-2026)

The Corporate Sustainability Reporting Directive (CSRD) requires in-scope companies to publish a sustainability statement using the European Sustainability Reporting Standards (ESRS), as part of the management report. Following the 2025–2026 Omnibus simplification package (Omnibus I, Directive (EU) 2026/470, published in the EU Official Journal on 26 February 2026), the scope and timeline changed significantly:

• Wave 1 (large public-interest entities already reporting, formerly under the NFRD: large listed companies, banks and insurers above the size threshold) continue reporting in 2026 (FY2025 data) and 2027 (FY2026 data), under the current ESRS plus the July 2025 "quick fix" reliefs (Delegated Regulation (EU) 2025/1416), unless their Member State exempts those that fall below the new threshold.
• Other large EU companies that meet the revised threshold of more than 1,000 employees and more than €450m net turnover begin reporting in 2028 (FY2027 data).
• Listed SMEs, which were in the original scope, are no longer required to report under CSRD.
• Non-EU groups come into scope where the parent generates more than €450m net EU turnover and has an EU subsidiary or branch above €200m net turnover, reporting one wave later.
• The simplified ("Amended") ESRS are still being finalised, with a delegated act expected later in 2026; they carry fewer mandatory disclosures and a stronger materiality focus, are mandatory from FY2027 (reports in 2028), and allow optional early adoption for FY2026. Wave 1 companies are expected to move to the Amended ESRS from FY2027 (reports in 2028).

These scope changes apply from financial year 2027; the current FY2025 and FY2026 cycle still follows the earlier scope.

Denmark has transposed CSRD into the Financial Statements Act, so Danish in-scope companies prepare the ESRS statement alongside the Danish annual report; the Omnibus changes are due in Danish law by March 2027.

How Statera handles it

• Opens the statement with ESRS-aligned structure for the required disclosures.
• Keeps evidence and source links behind each data point.
• Tracks ownership and review states across the statement.
• Keeps the statement assurance-ready, so sustainability inputs carry the same traceability as the numbers in the annual report.

Frequently asked questions

Who still has to report under CSRD after the Omnibus changes?

From FY2027, companies above the revised threshold (more than 1,000 employees and more than €450m net turnover), plus Wave 1 entities already reporting. Listed SMEs are no longer in scope.

When do the new in-scope companies start?

Large companies meeting the revised threshold begin with FY2027 data, reported in 2028.

What are the ESRS?

The European Sustainability Reporting Standards, the disclosure standards companies use to meet CSRD, currently being simplified.

What is double materiality?

The principle that companies report both how sustainability matters affect the business and how the business affects people and the environment.