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EU Parliament Votes To Delay Implementation of Sustainability Reporting and Due Diligence Obligations
On 3 April 2025, the European Parliament overwhelmingly voted to delay the implementation of the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D). The approval of the European Parliament, which followed the endorsement of the European Council on 26 March 2025, effectively stops the clock on, and delays, the […]
Simon Toms is a Partner, Jonathan Benson is a Counsel, and Justin Lau is an Associate, at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Toms, Mr. Benson, Mr. Lau, and Uswah Naseem.
On 3 April 2025, the European Parliament overwhelmingly voted to delay the implementation of the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D). The approval of the European Parliament, which followed the endorsement of the European Council on 26 March 2025, effectively stops the clock on, and delays, the implementation of a significant number of CSRD and CS3D obligations. The move is part of a broader effort to simplify the EU’s environmental, social and governance reporting regime. See our 28 February 2025 alert “European Commission Publishes ESG Reporting Omnibus Package”.
