Non-EU ESRS drafts are expected in July as third-country CSRD scope narrows

EFRAG’s Sustainability Reporting Board discussed non-EU reporting standards for CSRD, with exposure drafts expected in July, a 100-day consultation and a 70-day field test. The Omnibus changes described in the update would raise thresholds and reduce the estimated non-EU reporting population from roughly 10,000 companies to about 1,200, but legal teams still need to map EU turnover, branch and subsidiary triggers early.