European Sustainability Reporting Standards: Postponement

European Sustainability Reporting Standards: Postponement

European Sustainability Reporting Standards: Postponement 1811 1888 ECIIA

The Council and European Parliament have reached a favourable agreement on the two-year postponement of the European Sustainability Reporting Standards for certain sectors and for certain third-country undertakings, thus, effectively amending the Corporate Sustainability Reporting Directive (CSRD). This agreement is significant as it will allow more time for companies to prepare for these new sets of European Sustainability Reporting Standards (ESRS) which are now scheduled to be adopted in June 2026, two years later than the originally scheduled date. 

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