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EU adopts ESRS Quick-Fix extending phase-in provisions for Wave 1 CSRD companies
EU Corporate Sustainability Reporting Directive (CSRD)European CommissionEU
Announced
Jul 11, 2025
Implementation
Jul 11, 2025
Description
The European Commission adopted a delegated act on July 11, 2025 extending phase-in provisions for Wave 1 companies already reporting under CSRD who were not covered by the Stop-the-Clock Directive. The quick-fix allows Wave 1 companies to omit anticipated financial effects and certain disclosures (ESRS S3 on affected communities, ESRS S4 on consumers and end-users) for financial years 2024-2026, and extends the biodiversity reporting phase-in (ESRS E4) to FY 2026 for companies with more than 750 employees. This addresses the gap where Wave 1 companies would have faced full reporting requirements while Wave 2 and Wave 3 companies received postponement relief.
Sources
Key Findings
EU adopts ESRS Quick-Fix extending phase-in provisions for Wave 1 CSRD companies
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EU adopts ESRS Quick-Fix extending phase-in provisions for Wave 1 CSRD companies
Previous provision Modification May omit scope 3 GHG emissions and total GHG omissions for FY 2024 Extended to FYs 2025 and 2026 May omit all information under ESRS E4 (biodiversity and ecosystems) for FYs 2024 and 2025 Extended to FY 2026 May omit all information under ESRS S1 (own workforce) for FY 2024 Extended to FYs 2025 and 2026 May omit all information under ESRS S2 (workers in the value chain) for FYs 2024 an