Beyond the GAAP - March 2025 Issue
On 3 April, the European Parliament approved the Commission’s proposed “Stop the clock” directive, which is being fast-tracked through the legislative process and will postpone mandatory sustainability reporting for wave 2 and 3 companies by two years. As it has already been endorsed by the EU Council, the directive is now expected to be published in the OJEU by late April or early May. Readers will remember that Member States will then have until 31 December to transpose the directive into national law.
In this issue, we continue our deep dive into the simplification proposals adopted by the Commission on 26 February this year. This month, we are looking at the potential changes to the Corporate Sustainability Due Diligence Directive.
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