The Council has officially approved a directive amending the Corporate Sustainability Reporting Directive (CSRD), granting a two-year delay in the adoption of sustainability reporting standards for specific sectors and non-EU companies. This decision, aimed at easing the reporting burden, will postpone the implementation of sector-specific and general sustainability reporting standards to June 30, 2026. The directive is designed to allow companies more time to focus on the initial set of European Sustainability Reporting Standards (ESRS) and to develop sector-specific standards comprehensively. The legislative act will enter into force 20 days after its publication in the Official Journal of the European Union. This move is part of the EU’s broader strategy to reduce reporting obligations by 25%, as highlighted in the Commission’s communication on long-term competitiveness beyond 2030.
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