EU pauses climate directive, giving firms time to prepare

At the end of February, the European Commission decided to postpone by two years the effective dates of the existing reporting requirements under the Corporate Sustainability Reporting Directive (CSRD), reports Cáit Caden

The European Commission has eased pressure on small companies by postponing by two years the effective dates of the existing reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).

Relief may have washed over some firms as the European Commission delayed a key directive under the EU's Green Deal, as costs mount for sustainability reporting and due diligence requirements for smaller companies.

At the end of February, the European Commission decided to postpone by two years the effective dates of the existing reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).