The legal requirements include the CSRD, the Responsible Business Value Chain Directive (CSDDD) and finally the reporting on financially sustainable activities (EU taxonomy).

The proposal is in two parts. The first part aims to pause and postpone the reporting obligation (part 1) while the second part includes the details of the amendment proposal (part 2):

1. The EU Commission hopes that the postponement of the deadlines can be implemented in a fast-track process already before the summer holidays 2025. This means that companies that would otherwise have to report from and including the financial year 2025 will have to report for the financial year starting on 1 January 2027 at the earliest.
2. The changes to the covered regulations will be subject to consultation and negotiation in both the Council and the EU Parliament. The EU Commission expects that this process can be completed in the autumn of 2026.

We will continuously update this website as the changes come into force.