{"id":1087,"date":"2026-02-27T10:00:00","date_gmt":"2026-02-27T09:00:00","guid":{"rendered":"https:\/\/www.controlaudit.es\/?p=1087"},"modified":"2026-10-14T10:38:42","modified_gmt":"2026-10-14T08:38:42","slug":"omnibus-directive-published-official-journal","status":"publish","type":"post","link":"https:\/\/www.controlaudit.es\/en\/blog\/omnibus-directive-published-official-journal\/","title":{"rendered":"Omnibus I Directive published: the sustainability reporting obligation is limited to large companies"},"content":{"rendered":"
In brief<\/b>On 26\/02\/2026 the Official Journal of the European Union published Directive (EU) 2026\/470, known as Omnibus I. The EU sustainability reporting obligation under the Corporate Sustainability Reporting Directive (CSRD) is limited to companies with an average of more than 1,000 employees and net turnover above \u20ac450,000,000, for financial years beginning on or after 01\/01\/2027. Member States have until 19\/03\/2027 to transpose it. In Spain, in the meantime, the non-financial information statement under Law 11\/2018 remains in force.<\/div>\n

What has been published<\/h2>\n

Directive (EU) 2026\/470 of the European Parliament and of the Council of 24 February 2026<\/strong> amends Directives 2006\/43\/EC, 2013\/34\/EU, (EU) 2022\/2464 and (EU) 2024\/1760 as regards certain corporate sustainability reporting and due diligence requirements. It was published in the Official Journal (L series) on 26\/02\/2026 and enters into force twenty days after publication, that is, on 18\/03\/2026.<\/p>\n

Who will be required to report<\/h2>\n

The new art. 19a of Directive 2013\/34\/EU requires sustainability information to be included in the management report by undertakings that, on their balance sheet date, have generated net turnover above \u20ac450,000,000 and<\/strong> exceed an average of 1,000 employees during the financial year. Art. 29a applies the same rule to groups, on a consolidated basis. The balance sheet total criterion disappears.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Aspect<\/th>\nWhat Directive (EU) 2026\/470 provides<\/th>\n<\/tr>\n<\/thead>\n
CSRD thresholds<\/td>\nAn average of more than 1,000 employees and net turnover above \u20ac450,000,000 (both at once)<\/td>\n<\/tr>\n
Application of the new scope<\/td>\nFinancial years beginning on or after 01\/01\/2027<\/td>\n<\/tr>\n
\u00abFirst wave\u00bb companies<\/td>\nTheir obligation is limited to financial years beginning between 01\/01\/2024 and 31\/12\/2026; Member States may exempt those that do not exceed the new thresholds for financial years beginning in 2025 and 2026<\/td>\n<\/tr>\n
Listed SMEs<\/td>\nOutside the mandatory scope<\/td>\n<\/tr>\n
Value chain<\/td>\nCompanies with an average of up to 1,000 employees (\u00abprotected undertakings\u00bb) may refuse to provide information beyond the voluntary standards<\/td>\n<\/tr>\n
Transposition (CSRD)<\/td>\nBy 19\/03\/2027<\/td>\n<\/tr>\n
Due diligence (CSDDD)<\/td>\nMore than 5,000 employees and net worldwide turnover above \u20ac1,500,000,000; transposition by 26\/07\/2028 and application from 26\/07\/2029<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What it means for Spanish companies<\/h2>\n

A directive does not apply directly to companies: it requires a national transposing law. And in Spain the original CSRD has not yet been transposed. The Bill on corporate sustainability reporting (file 121\/000038), which would have amended the Commercial Code, the Spanish Companies Act and the Spanish Audit Act, was then going through the Congress of Deputies; it lapsed on 06\/10\/2026 with the dissolution of the Cortes Generales (see the update at the end). Its text was introduced in October 2024, before Omnibus I, so the new transposing law will now have to be adjusted to the new thresholds.<\/p>\n

Until the new transposing law is passed, Spain continues to apply the non-financial information statement (EINF)<\/strong> under Law 11\/2018, with verification by an independent provider. Companies currently required to prepare the EINF must continue to do so for their 2025 accounts, regardless of whether they may fall outside the CSRD in the future.<\/p>\n

SMEs and data requests from their customers<\/h2>\n

For the business community of Alicante and the Valencian Community, made up mostly of SMEs, the message is clear: the legal obligation to report on sustainability is reserved for very large companies. That does not mean the issue goes away:<\/p>\n