CSRD, Stop-the-clock And Amendment Directive Transposition Tracker

The Corporate Sustainability Reporting Directive (CSRD) updates the EU’s sustainability reporting framework, expanding the scope of the Non-Financial Reporting Directive (NFRD). It requires more companies to disclose detailed sustainability information through the European Sustainability Reporting Standards (ESRS). 

As part of the EU's Omnibus Package (see our detailed briefing here), three key measures which introduce amendments to the CSRD were adopted: 

• the Stop-the-clock Directive, which postpones the CSRD reporting deadlines for certain companies;
• the Quick Fix Regulation, which deferred certain of the reporting requirements for Wave 1 companies; and
• the Amendment Directive, which includes substantive amendments to the CSRD regarding scope, limiting trickle down effects for smaller companies and tasking the European Commission to revise the ESRS.