Delegated Regulation (EU) 2026/1563 reduces ESG data points by 63% for large European companies

The European Commission simplifies the European Sustainable Reporting Standards to improve consistency and reduce costs from 2027.
Delegated Regulation (EU) 2023/2772 is amended and its two annexes are replaced: Annex I with the rewritten NEIS and Annex II with acronyms and glossary. There are 163 pages of the Official Journal, and the articles occupy three.

First of all: who does it apply to?
As we already knew, the perimeter is not set by this regulation, but by the Omnibus Directive: large EU companies with more than 1,000 employees on average and more than 450 million euros in net turnover are obliged, with exemption from subsidiaries included in the consolidated report of the parent company. The rules for groups from third countries are still in draft. And in Spain, until the transposition is completed, companies subject to Law 11/2018 are still obliged to submit their annual NFIS, although we would expect the CNMV/ICAC to recommend the use of the new NEIS.

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