European Parliament approves delay of certain ESRSs
17 Apr, 2024
The European Parliament has voted to postpone the adoption of sector-specific European Sustainability Reporting Standards (ESRSs) and ESRSs for third-country entities by two years, until 30 June 2026.
The vote follows political agreement between the Council of the EU and the EU Parliament in February 2024.
The Parliament vote does not affect the reporting timelines as agreed under the Corporate Sustainability Reporting Directive (CSRD). As a next step, the legal text needs to be formally approved by the Council of the EU before becoming effective.
More information is available in the press release on the European Parliament website.
Note: On 29 April 2024, the Council of the EU has given its final approval to the directive on time limits for the adoption of sustainability reporting standards for certain sectors and third-country entities. Please click to access the press release on the EU Council website.
Note: On 8 May 2024, the directive was published in the Official Journal of the European Union. It will enter into force on the twentieth day following that of its publication in the Official Journal.
