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EU Parliament Moves to Push ESG Reporting Back a Year, to 2025

March 23, 2022, 4:15 PM

The European Parliament wants to delay mandatory sustainability reporting by a year.

Big companies should be given an extra year to publish their first sustainability reports, meaning they would now appear in 2025, Parliament members agreed at a plenary session Wednesday. Proposals agreed to by the European Commission earlier this year foresaw sustainability reports being published in 2024, covering fiscal year 2023.

  • “The balanced compromise supported by a large majority of political groups should ensure the EU is well equipped to maintain our legal, competitive, environmental and social standards and values, and to negotiate at international level so that they ...