30/04/24 (Agence Europe) – On Monday 29 April, the Council gave its final approval to the directive aimed at delaying the adoption of all sectoral sustainability reporting standards (ESRS) for EU companies and general ESRS for companies from third countries (see EUROPE 13346/3). The agreement gives companies in certain sectors, small and medium-sized enterprises (SMEs) and third-country companies with a turnover of €150 million in the EU and at least one subsidiary or branch in the EU, two extra years to prepare. The date of application for third-country companies will remain the financial year 2028, as indicated in the ‘CSRD’ directive on sustainability reporting. Parliament validated this agreement on 10 April (see EUROPE 13388/21). To read the final text, go to https://aeur.eu/f/c0l (AD)