EU Delays CSRD Sector-specific Reporting

Sector-specific disclosure rules under the Corporate Sustainability Reporting Directive (CSRD) will be pushed back by two years, the European Parliament and Council have declared. The institutions said this would give companies more time to prepare for the implementation of the first set of European Sustainability Reporting Standards (ESRS), while additionally allowing more time for the development of sector-specific sustainability standards and additional rules for large non-EU companies. The rules are now due to be introduced by June 2026. The agreement is still subject to formal adoption by the two institutions. “Today’s agreement limits reporting requirements to the minimum and gives companies time to implement the ESRS and prepare for the sectorial ESRS,” said Vincent Van Peteghem, Belgium’s Deputy Prime Minister and Minister of Finance.

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