As the 6 July 2024 deadline for member states to
transpose the Corporate Sustainability Reporting Directive
(“CSRD”) gets closer, our ESG Advisory
Group continues to monitor new developments and
updates.
EU institutions
provisionally agree to delay reporting standards for
specific sectors and third country companies
In February 2024, the Council of the European Union (the
“Council”) and European
Parliament (“Parliament”)
provisionally agreed on a draft amendment to the CSRD
to push out the timeline for adopting sectorspecific European
Sustainability Reporting Standards
(“ESRS”) and ESRS for non-EU
companies (“third country ESRS”) by
two years.
This latest development does not change the timeline for the
application of CSRD itself; companies that are in-scope for CSRD
reporting will continue to be so in line with the deadlines
specified in the CSRD and will be required to report under
sector-agnostic ESRS.
