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ARTICLE · 31 MARCH 2025

Council Supports "Stop The Clock" Proposal

Arthur Cox
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On 26 March 2025, the Council of the EU adopted its position, approving without amendment, the "stop the clock" proposal.

IrelandCorporate/Commercial Law
Suzanne Kearney
Suzanne Kearney
Golda Hession
Golda Hession
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Sarah Thompson
Sarah O'Sullivan
Sarah O'Sullivan
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On 26 March 2025, the Council of the EU adopted its position, approving without amendment, the "stop the clock" proposal.

The "stop the clock" proposal forms part of the Omnibus Package published by the European Commission on 26 February 2025. The proposal amends application of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) as follows:

  • CSRD: postponing reporting requirements by two years for large companies that have not yet started reporting, as well as for listed SMEs. Companies that are currently required to report in 2026 (on financial years commencing on or after 1 January 2025) would instead report in 2028 (on financial years commencing on or after 1 January 2027).

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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