Directive (EU) 2025/794, known as the ‘Stop-the-clock’ Directive, was adopted on 14 April 2025 by the European Parliament and the Council.

As previously indicated, this directive aims, in particular, to postpone by two years the date of first application of Directive (EU) 2022/2464, known as the “CSRD” directive, for large undertakings, parent undertakings of a large group and listed small and medium-sized undertakings.

By way of illustration, large undertakings and parent undertakings of a large group that are not public-interest entities (PIEs) will now have to prepare and publish (consolidated) sustainability information from 2027 (filing and publication in 2028) instead of from 2025 (filing and publication in 2026).

Further information will follow on the other proposed amendments to the CSRD, in particular those affecting its scope, i.e. the undertakings and groups required to prepare and publish annual (consolidated) sustainability information.