EU Commission Proposes Delaying Elements of CSRD

The European Commission has proposed delaying key elements of the Corporate Sustainability Reporting Directive (CSRD), in a move it says would reduce the administrative burden on small and mid-sized enterprises.

• The goal is to encourage better regulation, implementation and enforcement of EU law
• “Reducing administrative burdens is crucial to maintaining the competitiveness of European businesses,” the commission said
• Doing so would “allow stakeholders time to adapt to new requirements,” it said
• As a result, it’s proposing that the EU “postpone the deadline for adoption of the sector-specific European sustainability reporting standards”
• The current deadline for the adoption of the sectoral ...