Proposal to delay issuance of ESRS sector and non-EU standards

On January 24, the European Parliament announced that its members agreed with the European Commission’s proposal to delay the deadline for the adoption of certain sector-specific and non-EU European Sustainability Reporting Standards (ESRS) by two years until June 2026. However, the members suggested that the European Commission issue eight sector-specific standards as they are ready, which may be in advance of the new deadline. The proposal will have to be approved through the ordinary legislative procedure.

If approved, this proposal would only delay when the additional standards will be issued. It does not impact the timing of when companies are required to file their initial Corporate Sustainability Reporting Directive (CSRD) reporting using the currently available sector agnostic ESRS that became law in December 2023. The first filers will still be required to report in 2025 on 2024 information.

For more on CSRD, check out our comprehensive summaries.

Worldwide impact of CSRD - are you ready?: Read or listen

European Union regulations beyond CSRD: Read or listen

Navigating the ESG landscape: Read or listen
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