EU Omnibus: CSRD officially delayed by two years

Companies that were preparing to submit their first CSRD report next year now have until 2028 to prepare, after the European Parliament approved a two-year delay as part of its Omnibus directive.

The so-called ‘stop-the-clock’ measure was widely supported in today’s EU Parliament vote, with 531 votes in favour, 69 against and 17 abstentions. While MEPs may not see eye to eye on how to amend the content of the Corporate Sustainability Reporting Directive (CSRD) and Due Diligence Directive (CSDDD), they at least agree that more time is needed for renegotiations.