Yes — and it is now law, not a proposal. Directive (EU) 2026/47 (in force 18 Mar 2026) raised the threshold to more than 1,000 employees AND over €450M turnover, removing an estimated 80% of previously-in-scope companies. Wave-1 companies continue for FY2025–FY2026; those now under the threshold may use an optional transitional exemption depending on national transposition.
From our guide: ESRS E1 in Practice — full context, charts and sources there.
