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Revised ESRS act sets 2027 application and 2026 transition choices
The Commission’s adopted text provides for revised standards from financial years beginning in 2027 and specified choices for 2026. Adoption is distinct from entry into force.
By Taxxa AI OyPublished 11 August 2026
The Commission’s delegated act C(2026)5010, dated 3 July 2026, revises the ESRS framework by replacing the standards and glossary annexes. Its stated application date is for financial years beginning on or after 1 January 2027. The adopted text still contains an entry-into-force date placeholder calculated from adoption, so adoption alone should not be treated as immediate application.Europa
For financial years beginning during 2026, Article 2 provides choices between the existing and revised standards. Companies retaining the existing version may use only the reliefs specifically listed there, including the top-down materiality approach, specified value-chain limitations, and treatment of acquisitions and disposals. The sustainability statement must clearly identify the version used.Europa
Identify the applicable financial year, follow the act’s entry into force and document the selected ESRS version and any permitted transitional reliefs.