On 10 April 2024, the European Parliament (EP) issued a press release confirming that MEPs have approved delaying sector specific sustainability reporting standards, as well as general reporting standards for non-EU companies.
The press release outlined that:
- Sector specific standards for EU companies and general standards for non-EU companies are to be adopted in 2026, as opposed to 2024.
- Reporting timelines do not change, however less reporting is required as the later adoption of sector specific standards for EU companies affects the extent of reporting. This is because the section on particular impact in their area of activity will not be required before 2026.
