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ARTICLE · 02 MAY 2025

Irish SPVs To Be Excluded From CSRD Reporting

William Fry LLP
William Fry LLP
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William Fry LLP

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The European Commission published an omnibus package of proposals to amend the existing framework for sustainability reporting, including the reporting obligations imposed on companies under the Corporate...

IrelandCorporate/Commercial Law
David Maughan
David Maughan
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The European Commission published an omnibus package of proposals to amend the existing framework for sustainability reporting, including the reporting obligations imposed on companies under the Corporate Sustainability Reporting Directive (EU) 2022/2464 ("CSRD"), which was implemented intro Irish law on 5 July 2024.

CSRD was the EU's response to the global reframing of company reporting to include environmental, social and governance matters.

The Irish Government will shortly be amending the existing Irish legislation governing CSRD to further clarify and reduce the scope of companies covered and will quickly implement the EU's 'Stop the Clock' proposal together with the changes proposed by the wider omnibus package, once these are adopted at EU level, in order to deliver certainty for business at all levels in Ireland. For large companies, who are the main category currently within the scope of the CSRD, the omnibus proposals would restrict the application of

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