A CSRD Transposition Update – Three Additional Countries Adopt the “Stop the clock” delay

Ropes & Gray – in conjunction with leading law firms across Europe – has again updated its monthly CSRD Transposition Tracker. 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 June 30, and for some countries well into July, as well as additional commentary from the participating law firms.

The Tracker is available here.

As of this update, six countries have now adopted legislation implementing the “Stop the clock” directive. This past month, Hungary, Ireland and Norway joined Estonia, France and Lithuania, which had transposed as of our last update. Progress certainly, but hardly a blistering pace. An additional seven countries have introduced, but not yet adopted, “Stop the clock” legislation: Denmark, Finland, Germany, Latvia, Luxembourg, Poland and Slovenia, with Germany being the addition since last month. 

Otherwise, CSRD-related developments continue to come fast and furious. Here’s a sampling of our posts over the last month of particular relevance to US-based multinationals tracking CSRD developments:

European Commission Significantly Cuts Back Taxonomy Reporting – A Look at the July 4 Delegated Regulation

The Shape of EU CSRD and CSDDD to Come? A Look at the Omnibus Negotiating Mandate Approved by the Council

EFRAG’s June 20 Progress Report Provides An Early Look at Proposed Changes to CSRD Reporting

We will continue pumping out CSRD content, including updates to our Tracker. To receive updates to the Tracker and other ESG, CSR and business and human rights compliance publications, sign up for our mailing list, and subscribe to Ropes & Gray Viewpoints here for additional thought leadership on the CSRD and other ESG, CSR and BHR matters.

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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. 

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