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Momentum on Voting on the Omnibus Delay and Updating Corporate Sustainability Reporting Requirements

  • The European Council adopted a 'stop-the-clock' proposal to delay CSRD and CSDDD reporting timelines until 2028.
  • The European Commission proposed the delay and other changes to simplify corporate sustainability reporting requirements.
  • The simplification package includes raising the employee threshold for CSRD in-scope companies to 1,000 and revising reporting standards.
  • The European Parliament approved the urgent procedure on April 1, 2025, and will vote on the stop-the-clock proposal on April 3, 2025.
  • The delay and simplification efforts aim to cut red tape, but some experts warn it could create uncertainty and hinder sustainability efforts.
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luxtimes.lu broke the news in on Monday, March 31, 2025.
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