Sector-specific European Sustainability Reporting Standards delayed by two years
Sector-specific ESRS, meant to clarify disclosure requirements for particular sectors, were initially expected by June 2024.
The European Parliament has approved a two-year delay in the development and adoption of sector-specific reporting standards with the goal of easing the CSRD compliance burden for companies.
The first set of European Sustainability Reporting Standards (ESRS) was adopted in July 2023, laying out exactly which data points companies are expected to disclose under the Corporate Sustainability Reporting Directive (CSRD).
