Tag: CSRD

  • A Step Backwards? France’s Delay on CSRD and CSDDD

    A Step Backwards? France’s Delay on CSRD and CSDDD

    On April 14, 2025, the Council of the European Union gave its final approval to the “Stop-the-Clock” mechanism, effectively postponing the implementation of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).

    This decision aligns with France’s earlier calls for delay. It is part of the broader Business in Europe: Framework for Strategic Autonomy (BEFSA) strategy, which aims to boost EU competitiveness by reducing administrative burdens on businesses.

    While the intention is to enhance competitiveness, this move sends a concerning signal across Europe. It’s not merely about postponing reports; it’s about delaying the transformation of how we conduct business in Europe.

    The CSRD and CSDDD are more than just reporting obligations. They are about shaping the future of Europe by:

    • Creating markets accessible only to responsible players who prioritise sustainability.
    • Fostering innovation and promoting a circular economy, driving Europe towards a regenerative future.
    • Ensuring Europe’s autonomy in technology, manufacturing, and energy, reducing reliance on external powers.

    This is about defining Europe’s role in the 21st century. Sustainability isn’t just another policy; it’s an existential necessity. Europe can either lead in building a resilient, future-proof economy or risk becoming irrelevant in a rapidly changing world.

    Why This Matters More Than Ever

    1. Economic Sovereignty: Europe’s reliance on external markets for energy, technology, and manufacturing makes it vulnerable. By building self-sustaining ecosystems, Europe can reduce dependence and increase resilience.
    2. Competitive Advantage: In a world where consumers demand transparency and sustainability, Europe has a chance to lead by setting global standards for responsible business practices.
    3. A Just Transition: The CSRD and CSDDD are designed to protect human rights, ensure fair labor practices, and promote environmental stewardship. Delaying them has now become official policy — but that doesn’t make it the right direction.

    Europe’s Existential Choice

    This isn’t just about regulatory compliance; it’s about writing Europe’s history. We have a choice:

    🌱 Embrace sustainability as a driving force for economic growth, social justice, and environmental stewardship, or

    🍂 Delay and dilute our commitments, risking the opportunity to shape the global narrative on sustainability.

    What Can We Do?

    This isn’t just a policy debate—it’s about the future of Europe. Even with the delay confirmed:

    • We must keep pressure and expectations high, so that when these laws return, they come back stronger..
    • Engage with policymakers, industry leaders, and civil society to build a united front for sustainability.
    • Demand transparency and accountability in the decision-making process.

    Europe didn’t cancel its sustainability commitments — it just bought itself time. What we do with that time is up to us.

    💬 Are we risking Europe’s future by delaying these crucial regulations? Let’s discuss in the comments.