Share on LinkedInShare on LinkedIn

ARTICLE · 12 AUGUST 2025

Can We – Still – Overlook ESG?

Fortsakis, Diakopoulos, Mylonogiannis & Associates Law Firm
Fortsakis, Diakopoulos, Mylonogiannis & Associates Law Firm
Contributor
Fortsakis, Diakopoulos, Mylonogiannis & Associates Law Firm

Fortsakis, Diakopoulos, Mylonogiannis & Associates Law Firm

Fortsakis - Diakopoulos & Associates Law Firm (“FDMA”) is a leading Greek law firm providing a...

View firm profile
Explore more from Fortsakis, Diakopoulos, Mylonogiannis & Associates Law Firm

As provided by the CSRD, companies operating within the European Union will gradually produce – beginning this year – their first sustainability reports under unified ESRS, ensuring that all corporations "speak the same language when telling their sustainability stories."

GreeceCorporate/Commercial Law
  1. "Speaking the same language"?
    As provided by the CSRD (Corporate Sustainability Reporting Directive), companies operating within the European Union will gradually produce – beginning this year – their first sustainability reports under unified ESRS (European Sustainability Reporting Standards), ensuring that all corporations "speak the same language when telling their sustainability stories."
  2. Slowing down regulatory compliance?
    However – ironically – just as ESG was about to reach its long-awaited widespread adoption, the European Commission, through its Omnibus proposal (https://omnibus.gr), now seems to be turning back regarding obligatory ESG reporting by providing:
    1. the postponement of the entry into application – by 2 years – for large companies and listed SMEs (waves 2 and 3), and

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from