Last Monday, 10 November, the Delegated Regulation (EU) 2025/1416 was published in the Official Journal of the European Union, including enterprises with more than 750 employees in the scope of the phase-in provisions for certain reporting requirements included in Annex I of Delegated Regulation (EU) 2023/2772.

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The Delegated Regulation (EU) 2025/1416, which aims to simplify some CSRD requirements, updates the timetable in Appendix C of ESRS 1 (Annex I to Delegated Regulation (EU) 2023/2772). Specifically, it extends the phase-in period for reporting on certain topical standards for the 2025 and 2026 financial years to companies with more than 750 employees. The topical standards with an extended phase-in period are:

ESRS E4 – Biodiversity and ecosystems

ESRS S2 – Workers in the value chain

ESRS S3 – Affected communities

ESRS S4 – Consumers and end-users

Pursuant to ESRS 2, paragraph 17, of Annex I of the same Delegated Regulation (EU) 2023/2772, enterprises making use of these temporary exemptions must nevertheless disclose summarised information on that topic, provided the undertaking or group has determined the topic to be material.

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The Delegated Regulation will enter into force on the third day following that of its publication in the Official Journal of the European Union. The entry into force of an EU regulation/directive represents the date when the regulation has legal existence in the EU legal order.

The revised provisions will apply to the reporting on financial years beginning on or after 1 January 2025.