EU member states have approved a directive delaying the adoption of sector-specific sustainability disclosure standards and sustainability reporting from non-EU companies under the Corporate Sustainability Reporting Directive (CSRD).
The EU Council and Parliament have agreed to delay the deadline for sector ESRS by two years, urging the Commission to publish and adopt sector reporting standards soon.
The new directive will postpone the adoption of the ESRS for non-EU companies to June 2026, and delay 2028 reporting obligations by two years to 2030.
The Council has officially approved a directive, extending the deadline for the adoption of sector-specific sustainability reporting standards for EU companies and general sustainability reporting standards for non-EU companies.
This modifies the Corporate Sustainability Reporting Directive (CSRD) for specific industries and third-country undertakings, allowing the affected companies additional time to implement the European Sustainability Reporting Standards (ESRS), the Council said in a press release.
The European Union’s CSRD, which began in 2024, requires companies to report on sustainability-related impacts, opportunities, and risks.