Directive (EU) 2025/794 adopted (‘stop-the-clock’) postponing CSRD application dates for certain waves

Directive (EU) 2025/794 (published in OJ L on 16 April 2025) amends the CSRD framework as regards application dates (commonly referred to as the CSRD ‘stop-the-clock’ mechanism). This legally underpins postponements of certain CSRD reporting timelines (notably for later ‘waves’ of companies) and requires companies to reassess their first reporting year and internal readiness plans in light of the updated application schedule and Member State implementing measures.