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EU adopts Stop-the-Clock Directive postponing CSRD reporting by two years
EU Corporate Sustainability Reporting Directive (CSRD)European Parliament and Council of the European UnionEU
Announced
Apr 14, 2025
Implementation
Apr 16, 2025
Description
Directive (EU) 2025/794 postpones CSRD sustainability reporting requirements by two years for Wave 2 and Wave 3 companies. Wave 2 companies (large companies previously due to report for FY2025) now report in 2028 on FY2027 data. Wave 3 companies (listed SMEs, previously due to report for FY2026) now report in 2029 on FY2028 data. Wave 1 companies (large public interest entities already reporting) must continue as planned. Member States must amend national laws by December 31, 2025.
Key Findings
EU adopts Stop-the-Clock Directive postponing CSRD reporting by two years
of the European Union EN L series 2025/794 16.4.2025 DIRECTIVE (EU) 2025/794 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 April 2025 amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements (Text with EEA relevance) THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, Havi