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ARTICLE · 06 MARCH 2025

CSRD: The European Commission Proposes Significant Deregulation

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On Wednesday, 26 February the European Commission proposed significant changes to certain EU ESG laws, including the Corporate Sustainability Reporting Directive ("CSRD"), as part of the first ‘omnibus simplification.

IrelandCorporate/Commercial Law
Susanne McMenamin
Susanne McMenamin
Susan Carroll Chrysostomou
Susan Carroll Chrysostomou
Michael Sinnott
Michael Sinnott
David Dempsey
David Dempsey
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On 26 February 2025, the European Commission announced proposals for significant deregulation of certain EU ESG laws, including the Corporate Sustainability Reporting Directive (CSRD). These proposals, if they become law, would result in many companies no longer being subject to the CSRD and a two-year delay of CSRD reporting for those companies that would still be in-scope. This article provides an overview of the key proposed changes and outlines the likely implications for companies.

Background

The CSRD became law in 2023, introducing a new obligation for many EU-incorporated companies to include extensive ESG-related disclosures in their annual report. The objective of the CSRD is to enable investors and other stakeholders to have access to sustainability information regarding EU companies and companies doing business in the EU.

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