The sector-specific industry regulation rollout, previously set for 2024, is now expected to take place in 2026. This delay gives privately held corporations as well as publicly traded organizations—including those trading within the EU from outside Europe—more time to prepare for standardized reporting. The CSRD aims to standardize how companies disclose their impacts and the metrics they provide, which is crucial for businesses on the path to net zero and contributing to social causes (link to article).
