Omnibus I limits the EU sustainability reporting obligation to companies with net turnover above €450,000,000 and more than 1,000 employees. We explain the timetable, what happens to the first wave and why the EINF under Law 11/2018 still applies in Spain.
Even if it is not required to report on sustainability, your SME may receive ESG questionnaires from customers, banks or investors. We explain the protected undertaking concept in Omnibus I, what the VSME is and how to start organising your data.
The Official Journal of the EU of 26/02/2026 publishes Directive (EU) 2026/470 (Omnibus I). Mandatory sustainability reporting is reserved for companies with more than 1,000 employees and net turnover above €450,000,000, for financial years from 01/01/2027. In Spain the EINF under Law 11/2018 remains in force: the transposing bill lapsed on 06/10/2026.
Write to us and one of the firm’s auditors will reply.
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