La Direttiva “Stop the clock”. Le opportunità (da non perdere) offerte dal rinvio della Corporate Sustainability Reporting Directive. The “Stop the clock” Directive. The opportunities (not to be missed) offered by the postponement of the Corporate Sustainability Reporting Directive.

The contribution offers a reading of the postponement, dictated by the “Stop the clock” Directive, approved by the European Parliament on 3 April 2025, to the entry into force of the constraints imposed by the Corporate Sustainability Reporting Directive (CSRD). In particular, the contents of the “Stop the clock” Directive are highlighted with regard to the postponement of the terms of application of the CSRD, the reduction of the scope of companies required to report on sustainability, as well as the simplification of the European sustainability reporting standards (European Sustainability Reporting Standards - ESRS), drawn up by the European Financial Reporting Advisory Group (EFRAG). A reading of the postponement of the exogenous constraints imposed by the legislator is given as an opportunity for growth for companies that will be able to make sustainability objectives their own, integrating them into their corporate policies and strategies as endogenous elements, specific to corporate culture.