EU Commission to Delay Adoption of Sustainability Reporting Standards by 2 Years
The European Commission has announced its plans to delay key aspects of its Corporate Sustainable Reporting Directive (CSRD), including the adoption of requirements for companies to provide sector-specific sustainability disclosures and for sustainability reporting from companies outside of the EU. Sector-agnostic sustainability reporting requirements were set out under ESRS by the end of June 2024, outlining sustainability information for companies to report relating to the industries in which they operate.
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