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There has been a number of significant recent updates related to the Corporate Sustainability Reporting Directive (“CSRD”). The Irish government has announced support for the ‘omnibus simplification package’, which proposes to significantly modify the CSRD and signalled separate changes the existing Irish CSRD legislation are forthcoming.
At the same time, at European level the ‘stop the clock’ directive to pause the CSRD for many companies for two years has been approved by the European Parliament and the European Commission has started the process for simplifying the European Sustainability Reporting Standards.