ESRS Reform: Fewer Data Points, Greater Strategic Ambition
The EU is reducing ESRS data points by 60%. What does the reform mean for your CSRD reporting from 2027? Expert assessment for sustainability managers.
Which companies are required to conduct sustainability reporting?
Primarily large companies that fall under the CSRD are required to conduct sustainability reporting. For small and medium-sized enterprises, there is currently no direct reporting obligation under the Omnibus I package – yet, reporting is becoming increasingly important for them as well. Specifically, following the adjustments within the Omnibus Initiative, only companies with more than […]
What happens if companies do not report on sustainability?
Whether and what consequences arise when companies do not report sustainability information depends on whether a legal reporting obligation exists or not. For companies subject to CSRD, missing or inadequate sustainability reporting has clear legal and economic consequences. Companies that fall under the CSRD and do not report or report improperly risk supervisory measures, sanctions, […]
Omnibus I has been approved
What has now been decided – and what this means for sustainability reporting With the Omnibus I package, the fundamental realignment of European sustainability regulation has been politically decided. Following the conclusion of the trilogue negotiations, both the Legal Affairs Committee of the European Parliament and the Committee of Permanent Representatives in the Council have […]
CSRD in Transition
The New Status After the Omnibus I Package Europe’s sustainability reporting is facing a fundamental restructuring: On November 13, 2025, the European Parliament adopted its negotiating position on the CSRD reform with 382 votes in favor, 249 against, and 13 abstentions. With this, the trilogue phase with the Council and the Commission officially began on […]
Double Materiality Light & VSME: A Pragmatic Start to Sustainability Reporting
CSRD regulations are evolving: the Omnibus package, new ESRS flexibilities, changing reporting requirements. Many companies are asking: Should we act now or wait? In this webinar, Nextra Consulting explains why waiting is not a good strategy and how Double Materiality Light combined with the VSME standard enables a robust, streamlined entry into sustainability reporting. https://youtu.be/FAmqXMOqyRQ […]
What does double materiality mean in sustainability reporting?
Double materiality is a central principle of sustainability reporting under CSRD and ESRS. Companies must assess sustainability topics based on how strongly they impact the environment and society, and conversely, how strongly these topics affect the company itself. The first perspective is impact materiality (“inside-out”). It considers the positive or negative effects a company’s activities […]
