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ARTICLE · 30 APRIL 2025

Tough Timetable Pushed Through To Update CSRD's Reporting Standards

Proskauer Rose LLP
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On 25 April 2025, the sustainability reporting board ("SRB") of the European Financial Reporting Advisory Group ("EFRAG"), agreed the internal timeline...

United StatesCorporate/Commercial Law
John Verwey
John Verwey
Rachel E. Lowe
Rachel E. Lowe
Sulaiman Malik
Sulaiman Malik
Michael Singh
Michael Singh
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On 25 April 2025, the sustainability reporting board ("SRB") of the European Financial Reporting Advisory Group ("EFRAG"), agreed the internal timeline for delivering advice to the European Commission on the simplification of the European Sustainability Reporting Standards ("ESRS"), which is at the centre of the Corporate Sustainability Reporting Directive's requirements.

This followed the initial failure to do so, which we reported on here, on 15 April which had been the target date to approve the timeline.

The timetable is ambitious:

Activity Timing
1. Establishing a vision on actionable levers for substantial simplification (to be confirmed following the stakeholders' feedback)

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