On the evening of Wednesday 7 February, the Council of the European Union and the European Parliament reached a provisional agreement on new deadlines for the adoption of the second series of sustainability reporting standards (ESRS), relating to certain sectors and certain companies (see EUROPE B13335A29). They will come into force in June 2026, 2 years later than originally planned.
The first series of ESRS came into force for large companies in January 2024. In October 2023, the...