TIE and other associations urge the European Parliament to adopt longer transition periods for both the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D), as recommended in the European Commission’s Omnibus I “Stop the Clock” proposal.
While we fully support the goals of the two directives, any changes or delay in the adoption of theproposal could undermine the stability and predictability for the companies in scope. A longer transition period would allow to carry on consultations, also with stakeholders, and develop thorough guidelines.
Read the full joint statement here.
