Sustainability

Recent Articles

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  22/04/2025

  CSRD and CS3D “Stop the Clock” Directive Published in Official Journal

  On 16 April, the “Stop the Clock” Directive, agreed as part of the “Omnibus” package negotiations, was published in the Official Journal of the EU. The Directive entered into force on the 17 April and now must be transposed by member states by 31 December 2025.The Stop the Clock Directive:postpones the application of sustainability reporting requirements under the Corporate Sustainability Reporting Directive (“CSRD”) for two years for in-scope companies that have not already started reporting;delays the transposition deadline for the Corporate Sustainability...

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  04/04/2025

  CSRD and CS3D ‘stop-the-clock’ proposal approved by European Parliament

  On 3 April 2025, the European Parliament voted in favour of the “stop-the-clock” proposal, without any amendments, to delay the application of the Corporate Sustainability Reporting Directive (“CSRD”) for wave 2 and 3 companies for two years and the application of the Corporate Sustainability Due Diligence Directive (“CS3D”) for one year.The stop-the-clock proposal now requires formal approval by the European Council which already endorsed the proposal on 26 March 2025.[1] Once formally approved, the amending Directive will be published in the Official Journal...

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  03/04/2025

  Financial Services Webinars On Demand

  View recordings of CMS financial services webinars available on demand.Webinars are a convenient way to stay informed and hear from our legal experts.Webinars On Demand

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  07/03/2025

  Financial Services Webinars On Demand

  View recordings of CMS financial services webinars available on demand.Webinars are a convenient way to stay informed and hear from our legal experts.Webinars On Demand

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  27/02/2025

  Omnibus published: European Commission proposes significant amendments to the CSRD, CS3D and Taxonomy

  The European Commission (“EC”) has published its proposals for directives amending the EU Corporate Sustainability Reporting Directive (“CSRD”) and the Corporate Sustainability Due Diligence Directive (“CS3D”), as well as a draft delegated act amending the current delegated acts under the Taxonomy Regulation (“Taxonomy”) (the “Proposal”). The EC also published a Q&A summarising the key parts of the Proposal, as well as its proposed changes to the Carbon Border Adjustment Mechanism and the InvestEU Regulation.While it was anticipated...

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  05/02/2025

  European Commission advisory body outlines proposal for revamped Taxonomy

  On 5 February 2025, the Platform on Sustainable Finance (the “Platform”) – an advisory body to the European Commission (“EC”) – published a report setting out its recommendations to simplifying reporting under the EU Taxonomy Regulation (the “Report”).BackgroundIn March 2023, the EC gave a mandate to the Platform to help simplify and improve the effectiveness of the Taxonomy Regulation by enhancing its usability.A pivotal development in this regard is the announcement by EC President Ursula von der Leyen in November 2024 to consolidate EU...

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