The Council and the European Parliament today reached a provisional agreement on a directive on deadlines for the adoption of standards for the submission of sustainability reporting for certain sectors and for certain third-country undertakings, amending the Corporate Sustainability Reporting Directive (CSRD). Today's agreement will give companies more time to prepare for sector-specific European Sustainability Reporting Standards (ESRS) and specific standards for large non-EU companies, which will be adopted in June 2026, two years later than originally planned. (More on consilium.europa.eu)