ESG reporting duties postponed for selected companies

Jacek Wilczewski

Anna Wieczorek

The European Parliament approves a postponement of obligatory ESG reporting for some companies

On 3 April 2025, the European Parliament approved a “stop-the-clock” proposal to move ESG (Environmental, Social and Governance) reporting deadlines for some businesses.

The change applies to two groups of companies:

• those that were supposed to start ESG reporting by reference to FY 2025 (they will not have to do so until by reference to 2027),
• those that were supposed to start ESG reporting by reference to FY 2026 (their first ESG reports will have to made for 2028).

This is an important decision that gives businesses time to prepare for the new requirements of the Corporate Sustainability Reporting Directive.

At the same time, the European financial reporting council EFRAG has been required to prepare simplified reporting standards (ESRS for SMEs and non-public entities) that will be suitable for the scale and specific features of such operations.

The postponement does not, however, mean waiver. It gives companies time which they will do wise to use well in order to prepare for new reporting requirements, including ESG data collection and integration with financial reporting.

Check our ESG flashcards