Summary
The joint statement, dated 31 March 2025, urges the European Parliament and Council to fast-track the adoption of longer transition periods for the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D). The undersigned associations argue that the current timeline creates significant legal uncertainty for businesses, potentially making investments in reporting obsolete and uncompetitive. They support the objectives of the CSRD and CS3D but stress that postponing the requirements will provide adequate time for comprehensive changes, stakeholder consultations, and the development of robust guidance. This approach aims to ensure stability, predictability, and the efficient use of business resources.
Key Takeaways:
- Fast-tracking the adoption of longer transition periods will provide legal certainty and prevent uncompetitive investments.
- Adequate time for changes and consultations will ensure robust, future-proof directives.
- Postponing requirements will safeguard the competitiveness and economic resilience of businesses and value chains.