Corporate Sustainability Reporting Postponement
On 14 April, the Council of the European Union approved the so-called "Stop-the-Clock" directive, which aims to postpone the implementation deadlines for sustainability reporting requirements. These changes are part of the broader "Omnibus I" initiative, which aims to simplify the EU sustainability framework and reduce the administrative burden on companies. This postponement of deadlines is good news for businesses, providing an opportunity to prepare in a quality way for sustainability reporting, which will become the norm for all companies in the future.