Chambers Ireland Welcomes Move on Corporate Sustainability Reporting

23 July 2025

Chambers Ireland has welcomed today’s announcement to defer reporting requirements for Wave 2 and Wave 3 companies under the Corporate Sustainability Reporting Directive (CSRD) by two years.

Ian Talbot, Chief Executive of Chambers Ireland, said:

“Today’s announcement to adopt the Stop-the-Clock Directive and defer reporting requirements is a step in the right direction. This will allow companies to plan ahead and provide certainty as they navigate ever-increasing reporting requirements.

Reducing the regulatory burden is a core priority for companies with significant impacts on their financial and administrative resources.

We must learn from over burdensome legislative outcomes of the past and ensure that new policy is drafted based on rigorous consultation and considers the capacity of smaller businesses to comply with new requirements.

As negotiations continue at EU level on the Commission’s Omnibus proposal, we are hoping for practical and proportionate rules to remove disproportionate complexity.”

-ENDS-

For further information contact: public.affairs@chambers.ie