The Omnibus simplification package has dramatically narrowed CSRD’s reach for non-EU companies. According to EFRAG (the European Financial Reporting Advisory Group), the number of non-EU companies required to report under CSRD will drop by roughly 88%, from around 10,000 down to approximately 1,200.

That’s a significant reduction. But it doesn’t mean the pressure is off. Here’s what changed, what didn’t, and what comes next.

The New Thresholds

Under the original CSRD rules, non-EU companies were in scope if they had:

• EU revenues above €150 million, and
• An EU subsidiary or branch with revenues above €40 million

 
The Omnibus revision raises those thresholds substantially. Non-EU companies are now only in scope if they have:

• Net EU revenues above €450 million for two consecutive years, and
• An EU subsidiary or branch with revenues above €200 million

For many mid-market multinationals, this is a genuine reprieve. For large global enterprises with meaningful EU operations, the obligation still stands.

Who’s Still In

EFRAG has broken the estimated remaining scope down by country:

• 350 to 450 U.S. companies remain in CSRD scope
• 150 to 200 UK companies
• 100 to 150 companies from Switzerland and Japan respectively

If your company generates significant EU revenue, assume you’re still in scope until you’ve confirmed otherwise.

The N-ESRS Is Moving Again

Alongside the scope revision, EFRAG has resumed development of the N-ESRS, the reporting standard written specifically for non-EU companies subject to CSRD. This work was paused in early 2025 while the Omnibus process played out.

The timeline now looks like this:

• Draft N-ESRS exposure draft: mid-July 2026
• Public consultation period: 100 days
• Final technical advice to EU Commission: January 2027

The N-ESRS will cover 12 standards across four reporting areas: governance, strategy, impact management, and metrics and targets. One important distinction from the EU ESRS: non-EU companies will report on sustainability impacts only, not on financial risks and opportunities.

Companies that want to participate in the field test need to start getting their data in order now, not in January.

The Mandate Shrank. The Expectations Didn’t

Omnibus is not a signal that sustainability data stopped mattering.

Investors are still asking for it. Lenders factor it into credit decisions. Large enterprise customers are writing it into procurement requirements. The companies in the strongest position will be the ones with accurate, audit-ready energy, water, waste, and emissions data already in hand, regardless of what a regulator requires.

A report is only as good as its data. That’s true whether you’re filing under CSRD or not.

How GLYNT.AI Helps

Whether your company is still in CSRD scope or preparing for what investors and auditors will ask next, the data challenge is the same: getting to finance-grade sustainability metrics without spending months on manual preparation.

GLYNT.AI helps global enterprises turn unstructured utility and operational data into audit-ready sustainability metrics across energy, water, waste, and emissions. Our customers get a full year of auditable data in under 90 days, at a fraction of the cost of doing it by hand.

Talk to GLYNT.AI to see how it works

Read the full EFRAG announcement via ESG Today

Sources: ESG Today, EFRAG. Published June 2026