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Main updates:
- Deadline postponements
Two-year delay for the reporting obligation:- 2028 for large companies not yet subject to the directive
- 2029 for listed SMEs
- Higher thresholds
Discussion underway to raise the thresholds to:- 3,000 employees
- €450 million turnover
- Voluntary climate plans
The possibility of making them voluntary is being considered. - Reduction in data points
EFRAG has proposed halving mandatory reporting requirements, promoting a more pragmatic approach.
A crucial phase for CSRD
The revision of the Corporate Sustainability Reporting Directive (CSRD) has officially entered a crucial phase.
At the European level, there is discussion about significantly easing reporting obligations, aiming to
reduce costs and simplify implementation, without abandoning the goals of
transparency and sustainability.
More flexibility, but sustainability remains central
The goal is clear: to prevent ESG reporting from becoming a mere compliance exercise.
“Double materiality” remains a cornerstone, but must be simplified and made operational.
Companies are called to see this transition phase as an opportunity to truly integrate sustainability into their strategy,
not as an obligation to be postponed.
Next steps
The discussion will continue with:
- The parliamentary vote expected in October
- The start of the interinstitutional negotiations (trilogue)
Attention remains high on topics such as:
- Alignment with the Green Deal
- Impact on market transparency
- Inclusion of SMEs and micro-enterprises in the process