EU Parliament agrees to delay CSRD rollout

The European Parliament on Thursday (3 April) voted to delay the rollout of new sustainability reporting and due diligence laws as part of wider “simplification” efforts to boost the EU’s competitiveness.

The move, which has already been approved by the EU Council, will extend the deadline for EU countries to enact the Corporate Sustainability Reporting Directive (CSRD) into national law by a further year – until July 2027 – and will also extend the compliance deadline for companies currently under the directive’s scope.

EU companies with more than 5,000 employees and net turnover higher than €1.5 billion, as well as non-EU companies with a turnover above this threshold in the EU, will now have until 2028 to comply,…