Austria started the legislative process to transpose the Corporate Sustainability Reporting Directive (CSRD) into its national law in November 2025. The CSRD requires all large companies to publish regular reports on their environmental and social impact activities. The directive defines a common reporting framework for non-financial data, which aims to ensure that businesses report reliable and comparable sustainability information.
Seven member states are still transposing the CSRD, having missed the 6 July 2024 transposition deadline. The Commission has issued formal infringement notice letters to 17 member states for their failure to transpose the CSRD fully. The infringement proceedings are still pending.

The Commission decided to postpone the application of the CSRD by one year for large enterprises, parents of large enterprises and SMEs with securities listed in the EU. The CSRD amendment was implemented through the Omnibus I ("stop-the-clock") directive, which member states must transpose into their national legislation by 31 December 2025.
Four more member states (Belgium, Denmark, Finland and Slovenia) have transposed the “stop-the-clock” directive since Cullen’s September update.
Cullen International’s updated benchmark tracks the progress made by the 27 EU member states in transposing the CSRD and the related “stop-the-clock” directive.
For more information on the benchmark and Cullen's complete CSRD coverage, please click on “Access the full content” - or on “Request Access”, in case you are not subscribed to our Sustainability service.
more news
10 September 26
Digital Networks Act recitals now directly linked to articles in the Cullen Legislation Navigator
Digital Networks Act (DNA) recitals now link to articles in Cullen international's Legislation Navigator online tool.
09 September 26
Insights into the proposed EU framework for mobile satellite services (MSS) in the 2 GHz band
Cullen International’s new Tracker makes a comparison between the European Commission’s 2 GHz band MMS proposals and the existing framework.
07 September 26
Regulators in most Americas countries use the weighted average cost of capital (WACC) to test wholesale pricing
Cullen International’s new Americas benchmark shows that ten of the surveyed countries employed WACC to calculate regulated wholesale prices or to settle disputes between operators.