EU Delays New ESG Reporting Demands Amid Industry Pushback (1)

The European Union has agreed to delay additional ESG disclosure requirements by two years, as it responds to pressure from businesses leaders who warn they’re buckling under the weight of regulations.

The EU’s Corporate Sustainability Reporting Directive had set a June 30 deadline for companies to report on thousands of data points, to give investors insight into their conduct on environmental, social and governance issues.

But EU lawmakers and member states agreed late on Wednesday to push that timeline back to June 2026 for sector-specific reporting requirements that are still being developed. The decision doesn’t affect a requirement to report ...