Omnibus: EU Council gives green light to "stop the clock" proposal
Omnibus: EU Council gives green light to "stop the clock" proposal
Gegevens
- Nummer
- 2025/37
- Publicatiedatum
- 31 maart 2025
- Auteur
- Editorial staff
- Rubriek
- News
On March 26, the representatives of the Member States gave their support to the proposal for a "stop the clock" directive presented by the European Commission on February 26.
This text proposes:
to postpone to 2028 the submission of a first sustainability report by companies in wave 2 (all large companies other than those with more than 500 employees and listed) and wave 3 (listed SMEs, captive insurance and reinsurance companies, small and non-complex credit institutions);
postpone the deadline for member states to transpose the European Duty of Vigilance Directive (CS3D) until July 2027;
to impose a duty of care on the first large companies concerned a year late (by July 2028 instead of 2027).
The European Parliament is due to vote on this text at the beginning of April (a vote is expected on April 3). According to Abrial Gilbert-d'Halluin, adviser to the Parliament and former sherpa on the CSRD directive, "opinions are divided within the Parliament. Some support the Commission's proposal, others call for a further postponement of one or two years, and still others advocate maintaining the dates set by the current directives".
If the European Commission's proposal is adopted without amendment by MEPs, formal adoption by co-legislators can be achieved quickly. The "stop the clock" directive could even be published in the EU's Official Journal during May, giving member states time to transpose its content by the end of 2025.
Should this not be the case, negotiations between representatives of the Member States and the Parliament - the so-called trialogue - would have to take place, thus pushing back the timetable for adoption of the directive.
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