Austria and Malta have recently adopted national legislation to transpose the Corporate Sustainability Reporting Directive (CSRD).

Five member states are still transposing the CSRD, having missed the 6 July 2024 transposition deadline. The Commission originally issued formal infringement notice letters to 17 member states for their failure to transpose the CSRD fully, with infringement proceedings still pending for eight member states  (including Czech Republic for partial transposition and those against Austria and Malta, which should presumably soon be closed).

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 (i.e. "stop-the-clock” directive). Three more member states (Austria, Croatia and Sweden) have transposed the “stop-the-clock” directive since Cullen’s December update.

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.

Cullen International’s latest benchmark tracks the progress made by the 27 EU member states in transposing the CSRD and the related “stop-the-clock” directive.

Scope
Region: Europe
Countries covered: All EU member states
Policy area: Sustainability
Last updated: February 2026

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