What changed

ORDINARY LEGISLATIVE procedure

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Follow up to the European Parliament legislative resolution on the proposal for a decision of the European Parliament and of the Council on amending Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings

SHORT JUSTIFICATION

1. Rapporteur: Axel VOSS (EPP / DE)

The Corporate Sustainability Reporting Directive (CSRD) requires large companies, listed small and medium-sized companies, and parent companies of large groups to report certain sustainability information.

2. Reference numbers: 2023/0368 (COD) / A9-0013/2024 / P9_TA(2024)0189

This reporting must follow standards that are to be adopted by the Commission through delegated acts. A first general set of such standards was adopted by the Commission in July 2023. A second sector specific set of standards is scheduled to be adopted by June 2024.

3. Date of adoption of the resolution: 10 April 2024

As part of its competitiveness agenda, the Commission has committed to simplify reporting requirements for companies. The Commission has therefore proposed to postpone the adoption of the second set of standards under the CSRD by two years. This would mean these standards are adopted in June 2026 instead of June 2024, as currently foreseen.

4. Legal basis: Article 50(1) of the Treaty on the Functioning of the European Union

The rapporteur is of the opinion that this postponement will give companies necessary breathing space while ensuring the proper and full implementation the new sustainability requirements under the CSRD. No amendments to the Commission’s decision are therefore proposed.

5. Competent Parliamentary Committee: Committee on Legal Affairs (JURI)

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6. Commission's position: accepts all amendments.

The Committee on Economic and Monetary Affairs calls on the Committee on Legal Affairs, as the committee responsible, to propose that Parliament adopt its position at first reading, taking over the Commission proposal.

FINAL VOTE BY ROLL CALL IN COMMITTEE ASKED FOR OPINION

Key to symbols:

ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

The rapporteur declares under her exclusive responsibility that she did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

PROCEDURE – COMMITTEE ASKED FOR OPINION

Title

Amending Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings

References

COM(2023)0596 – C9-0386/2023 – 2023/0368(COD)

Committee responsible

Date announced in plenary

JURI

20.11.2023

Opinion by

Date announced in plenary

ECON

20.11.2023

Rapporteur for the opinion

Date appointed

Jessica Polfjärd

25.10.2023

Date adopted

11.1.2024

Result of final vote

+:

–:

0:

19

5

12

Members present for the final vote

Anna-Michelle Asimakopoulou, Marek Belka, Isabel Benjumea Benjumea, Stefan Berger, Gilles Boyer, Engin Eroglu, Markus Ferber, Jonás Fernández, Claude Gruffat, Enikő Győri, Eero Heinäluoma, Michiel Hoogeveen, Danuta Maria Hübner, Stasys Jakeliūnas, France Jamet, Othmar Karas, Georgios Kyrtsos, Aurore Lalucq, Aušra Maldeikienė, Csaba Molnár, Denis Nesci, Lefteris Nikolaou-Alavanos, Piernicola Pedicini, Lídia Pereira, Eva Maria Poptcheva, Antonio Maria Rinaldi, Alfred Sant, Paul Tang, Irene Tinagli, Marco Zanni

Substitutes present for the final vote

Monika Hohlmeier, Margarida Marques, René Repasi, Andreas Schwab

Substitutes under Rule 209(7) present for the final vote

Clara Aguilera, Dietmar Köster