Key deadlines related to sustainability and corporate reporting:
- 2025: Companies must begin reporting KPIs on additional environmental objectives, such as sustainable water use and biodiversity. Businesses subject to the NFRD must comply with the European Sustainability Reporting Standards (ESRS);
- May 21, 2025: Deadline for funds created before November 21, 2024, to align with the new ESG terminology guidelines;
- Mid-2025: Potential revision of the Sustainable Finance Disclosure Regulation (SFDR);
- 2026: Financial companies must report additional environmental KPIs. Large companies not subject to the NFRD will be required to adopt the ESRS;
- 2027-2029: Small and medium-sized listed enterprises and non-complex financial institutions must adopt the ESRS, either on a mandatory or optional basis, with a final deadline in 2029 for companies from third countries.
Source: EticaNews
