A Look at Transposition of the “Stop the Clock” Directive and Other Omnibus Developments Across the EU Member States

The latest monthly installment of our CSRD Transposition Tracker was released yesterday. Prepared in conjunction with leading law firms across Europe, the Tracker describes Corporate Sustainability Reporting Directive transposition and other Omnibus activity across the 27 EU member states and three EEA EFTA countries. This update includes information and developments as of April 30, as well as additional commentary from the participating law firms.

The Tracker is available here.

Since our last update:

• France has passed legislation giving effect to the “Stop the clock” directive. It is the first and thus far only EU member state to do so.
• Seven other countries have held consultations on, and introduced, “Stop the clock” legislation: Estonia, Finland, Lithuania, Luxembourg, Norway, Poland and Sweden.

Member states are required to transpose the “Stop the clock” directive into law by December 31, 2025.

So far, 20 countries have adopted legislation implementing the pre-Omnibus CSRD (at least in part) and another six have proposed legislation.

About our Practice 

Ropes & Gray has a leading ESG, CSR and business and human rights compliance practice. We offer clients a comprehensive approach in these subject areas through a global team with members in the United States, Europe and Asia. Senior members of the practice have advised on these matters for more than 30 years, enabling us to provide a long-term perspective and depth and breadth of experience that few firms can match. For further information on the practice, click here.

Subscribe to Ropes & Gray Viewpoints by topic here.