When the European Commission introduced the Omnibus I package in 2025 as part of its broader competitiveness agenda, it landed as one of the more consequential regulatory course-corrections in recent memory. The short version: CSRD got noticeably lighter, and a lot of companies that had been bracing for compliance found themselves suddenly out of scope entirely.

The Big Changes

Who's actually in scope, now. The original thresholds (€50 million turnover, €25 million balance sheet, and 250 employees) are gone. The new bar sits much higher: over €450 million in turnover and more than 1,000 employees. That single change removed the large majority of companies that would previously have fallen under mandatory CSRD.

Wave 2 got pushed back. Companies that were gearing up to report in 2026 now have until 2028, using FY 2027 data instead. Two extra years to get the systems and processes in place, a meaningful reprieve for teams that were racing the clock.

Wave 1 got some breathing room too. Transitional reliefs for companies already in scope (including those that came over from the old NFRD regime) were extended by an additional two years.

ESRS Got a Serious Trim

Maybe the most striking number in the whole package: the datapoints companies actually need to report dropped by roughly 70%, from around 1,000 down to about 300. Every voluntary datapoint was cut entirely, and the sector-specific standards that had been in development were scrapped altogether.

What Got Removed Outright

• The Listed SME (LSME) standard is gone
• Sector-specific standards are no longer being developed
• Assurance standards were pushed back to July 2027

If you'd been tracking CSRD requirements even a year ago, a lot of what you knew is now out of date. That's really the point of a package like this, and it's also why regulatory tracking has to be an ongoing job rather than a one-time setup. At BUME, that tracking happens continuously in the background, so your reporting stays aligned with whatever the rules look like this quarter rather than last year's.