Chambers Ireland has welcomed today’s announcement to defer reporting requirements for Wave 2 and Wave 3 companies under the Corporate Sustainability Reporting Directive (CSRD) by two years.
Ian Talbot, Chief Executive of Chambers Ireland, said:
“Today’s announcement to adopt the Stop-the-Clock Directiveand defer reporting requirements is a step in the right direction. This will allowcompanies to plan ahead and provide certainty as they navigate ever-increasing reportingrequirements.
Reducing the regulatory burden is a core priority forcompanies with significant impacts on their financial and administrativeresources.
We must learn from over burdensome legislative outcomes ofthe past and ensure that new policy is drafted based on rigorous consultationand considers the capacity of smaller businesses to comply with newrequirements.
As negotiations continue at EU level on the Commission’sOmnibus proposal, we are hoping for practical and proportionate rules to removedisproportionate complexity.”