Corporate sustainability reporting

Public Consultation launched by EFRAG on revised ESRS exposure drafts.

End date: 29 September 2025

Recommendation on a voluntary sustainability reporting standard for small and medium-sized undertakings (VSME).

Adoption of a “quick‑fix” delegated act to revise the first set of ESRS.

This revision gives additional flexibility in reporting to wave one companies and ensures that they do not have to report additional information for financial years 2025 and 2026 compared to what they had to report for financial 2024.

Political agreement between the European Parliament and the Council on the “stop‑the‑clock” Directive.

The “stop‑the‑clock” Directive postpones the entry into application of the reporting requirements for those companies that were previously required to report for the first time for financial years 2025 or 2026 (wave two and wave three companies).

Legislative package to simplify EU rules and boost competitiveness (Omnibus  package).

Among other things, the package proposes to apply the CSRD only to the largest companies (those with more than 1000 employees), focusing the sustainability reporting obligations on the companies which are more likely to have the biggest impacts on people and the environment. Moreover, it seeks to ensure that reporting requirements on large companies do not burden smaller companies in their value chains.

Publication of the frequently asked questions on the implementation of the EU corporate sustainability reporting rules.

Commission welcomes guidance on interoperability of European and global sustainability reporting standards.

Political agreement between the European Parliament and the Council on postponing adoption deadlines for certain European Sustainability Reporting Standards (ESRS).

Political agreement between the European Parliament and the Council on postponing adoption deadlines for certain European Sustainability Reporting Standards (ESRS).

Publication of the European Sustainability Reporting Standards (ESRS) in the Official Journal.

2024 Commission work programme: Proposal for a Decision as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings.

Adoption of the European Sustainability Reporting Standards (ESRS), accompanied by questions and answers on the ESRS.

Opening of feedback process of a first set of draft sustainability reporting standards for companies, opening a four-week public feedback period.

Following the feedback period, the Commission will consider the feedback received before finalising the standards as delegated acts and submitting them to the European Parliament and Council for scrutiny.

Publication of the Corporate Sustainability Reporting Directive (CSRD) in the Official Journal.

First set of draft EU sustainability reporting standards published by EFRAG.

Political agreement by the European Parliament and the Council on the Corporate Sustainability Reporting Directive (CSRD).

Proposal for a Corporate Sustainability Reporting Directive (CSRD) to amend the reporting requirements of the NFRD.

EFRAG reports on development of EU sustainability reporting standards.

Public consultation on the review of the non-financial reporting directive.

End date: 11 June 2020

Targeted consultation on the guidelines on reporting climate-related information.

End date: 20 March 2019

Guidelines on reporting climate-related information, which in practice consist of a new supplement to the existing guidelines on non-financial reporting, which remain applicable.

Guidelines to help companies disclose environmental and social information. These guidelines are not mandatory, and companies may decide to use international, European or national guidelines according to their own characteristics or business environment.

Public consultation on non-financial reporting guidelines.

End date: 15 April 2016

Adoption of the Non-Financial Directive.