Joint statement in support of a fast-track adoption of the longer transition periods of the CSRD and the CS3D

The undersigned associations urge the European Parliament and the Council to proceed with a fast-track adoption of the longer transition periods for both the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D), as outlined in the ‘Stop-the clock’ proposal in the Commission’s Omnibus package.

With EU institutions’ call to rationalise reporting requirements without reducing the EU’s policy ambition, we acknowledge that the Omnibus package provides an opportunity to recalibrate the above legal frameworks. We believe that a fast adoption of the Omnibus on timing will provide legal certainty for economic operators.