{"id":34901,"date":"2025-04-15T10:31:28","date_gmt":"2025-04-15T08:31:28","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=34901"},"modified":"2025-04-15T10:32:15","modified_gmt":"2025-04-15T08:32:15","slug":"the-european-council-approved-the-directive-stop%e2%80%90the%e2%80%90clock-postponement-of-deadlines-for-sustainable-reporting","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2025\/04\/15\/the-european-council-approved-the-directive-stop%e2%80%90the%e2%80%90clock-postponement-of-deadlines-for-sustainable-reporting\/","title":{"rendered":"European Council approves &#039;stop-the-clock&#039; directive: Postponement of deadlines for sustainable reporting"},"content":{"rendered":"<p>The European Council today formally adopted the \u2018stop-the-clock\u2019 directive. This decision follows the approval of the proposal by the European Parliament on 3 April 2025, with a majority of votes in favour. <!--more-->\u2013 531 votes in favour, 69 against and 17 abstentions \u2013 the proposal was confirmed. The directive can then be published in the Official Journal of the European Union and will enter into force the day after publication. Member States will be required to adopt the necessary laws, regulations and administrative provisions to comply with the directive by 31 December 2025; however, most countries are expected to implement the changes even earlier.<\/p>\n<p>The \u2018stop-the-clock\u2019 directive is one of two measures proposed as part of the European Commission\u2019s first \u2018comprehensive\u2019 sustainability package, published on 26 February 2025. The directive aims to postpone reporting requirements for companies currently subject to the Corporate Sustainability Reporting Directive (CSRD), with the changes applying to financial years starting on 20 or 25 January \u2013 or for financial years starting on or after 1 January 2027 (or 1 January 2028). As a result, the implementation of the Corporate Sustainability Due Diligence Directive (CS3D) is also postponed by one year for the first wave of companies, with the new deadline set for 26 July 2028. The adoption and subsequent entry into force of this directive will provide companies with the necessary certainty regarding compliance with the upcoming requirements.<\/p>\n<p>The second part of the \u201ccomprehensive\u201d sustainability package, the so-called content directive, brings more substantial amendments to the obligations under the CSRD and CS3D. This directive still needs to be approved, with the European Parliament and the Council setting an ambitious timetable \u2013 by October this year at the latest, ahead of the expected publication of the updated European Sustainability Reporting Standards (ESRS) by the European Financial Reporting Advisory Group (EFRAG). Given the significant content of the proposed changes, it is expected that further amendments will be submitted during the negotiations. We aim to regularly inform about the progress of the negotiations and changes in this area on our blog, to help all stakeholders follow the developments.<\/p>\n<p>As a further step in the &quot;comprehensive&quot; sustainability package, the Commission has also proposed a revision and simplification of the ESRS, which affects companies subject to the CSRD. In this context, EFRAG has been mandated to provide technical advice on the simplification of the ESRS, with a final version expected by 31 October 2025 at the latest. Last week, EFRAG published a public call for comments[2] on possible revisions. The deadline for submitting feedback is Tuesday 6 May.<\/p>\n<p>The aim of this public call is to obtain stimulating feedback on the following points, as stated in the EFRAG press release:<\/p>\n<ul>\n<li>Identification of the mandatory ESRS data points that are least important or present the greatest complications, particularly in the areas of cross-cutting, environmental, social and governance issues;<\/li>\n<li>Proposals to amend ESRS provisions that are considered unclear;<\/li>\n<li>Proposals to increase compliance with other EU legislation;<\/li>\n<li>Proposals to improve the ESRS materiality provisions so that companies only report material information and do not devote excessive resources to assessing materiality;<\/li>\n<li>Suggestions for simplifying the structure and presentation of the ESRS;<\/li>\n<li>Proposals to improve interoperability with global sustainability reporting standards;<\/li>\n<li>And other adjustments that could contribute to simplifying the ESRS without compromising their key role in supporting the EU Green Deal \u2013 the strategy to achieve climate neutrality by 2050.<\/li>\n<\/ul>\n<p>Companies, especially those with experience in preparing CSRD reports, may use this opportunity to highlight specific problem areas or offer suggestions that would lead to improvements or more precise clarification of the ESRS requirements. <em><strong>Spring<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The European Council today formally adopted the \u2018stop-the-clock\u2019 directive. This decision follows the approval of the proposal by the European Parliament on 3 April 2025, with a majority of votes in favour.<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-34901","post","type-post","status-publish","format-standard","hentry","category-lca_esg_ghg_csddd_csrd_iso_flr"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/34901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=34901"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/34901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=34901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=34901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=34901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}