CSRD reporting: Sector-specific reporting standards not until 2026
Postponement of the deadline for the introduction of sector-specific sustainability reporting standards (ESRS) until June 30, 2026 confirmed.
The European Parliament and the Council of the European Union have approved a provisional agreement to postpone the introduction of sector-specific reporting standards (European Sustainability Reporting Standards (ESRS)) as part of the Corporate Sustainability Reporting Directive (CSRD). Originally, an earlier implementation was planned. The deadline has now been extended to June 30, 2026 at the latest.
This decision follows a proposal made by the European Commission at the end of 2023 and aims to give companies affected by the CSRD reporting obligation more time to focus initially on implementing the already published generally applicable - cross-sector - ESRS, which serve as the basis for comprehensive sustainability reporting.
The postponement also allows the developers of the standards to further refine the quality and relevance of the sector-specific reporting requirements to ensure that they meet the needs of the various industries within the EU. In addition, the agreement emphasizes that the developed sector-specific standards should be published immediately after their completion, and thus potentially before the set deadline of June 30, 2026.