EU approves 2-year delay for reporting obligations for certain sectors and third-world country companies

  • The Council has given its final approval to the directive on time limits for the adoption of sustainability reporting standards for certain sectors and third-world country undertakings, to give the companies concerned more time to apply European Sustainability Reporting Standards (ESRS).

    The directive adopted will postpone the adoption of sector-specific sustainability reporting standards for EU companies and general sustainability reporting standards for non-EU companies  to 30 June 2026. This will allow companies to focus on the implementation of the first set of ESRS and limit the reporting requirements to a necessary minimum. It will also allow more time to develop these sector-specific sustainability standards and standards for non-EU companies.