The European Parliament is set to vote on the ‘stop the clock’ proposal on April 1st, potentially delaying the Corporate Sustainability Reporting Directive (CSRD) requirements for Wave 2 and 3 companies by up to two years. If approved, this means many companies won’t be required to report until 2027 or 2028. While this may feel like a reprieve, it’s actually something more powerful: an opportunity.
At Taxxor, we believe this delay isn’t a reason to wait—but a reason to prepare smarter.
The upcoming vote is part of broader “Omnibus Amendments” to the CSRD framework, which not only affect timelines but also the number of companies in scope and the nature of sustainability standards. While regulatory clarity is still in progress, one thing is certain: reporting will become mandatory—and complex.
Companies that use this time to explore, test, and implement the right reporting tools will be in a far stronger position when the clock resumes. Taxxor is here to ensure you make the most of it.
Taxxor is built around the principle of structured, transparent reporting using XBRL and Inline XBRL (iXBRL)—the very technologies that will underpin CSRD compliance. Our software is already used by industry leaders like Philips to generate high-quality reports across PDF, web, and iXBRL formats from a single data source.
Without imminent filing deadlines, now is the ideal time to explore how your internal processes can be improved. Taxxor allows teams to simulate full CSRD workflows—from data collection to design to final output—so when it’s time to report, you’re not starting from scratch.
Whether you're starting small or need a full-featured enterprise rollout, Taxxor is designed to grow with your needs. That means you can begin with basic features today and gradually expand your reporting capabilities as your internal ESG maturity grows.
Use this time to get your team comfortable with new processes. Our platform makes it easy to involve different departments—finance, sustainability, communications—and test how they’ll collaborate under the new CSRD structure. We help you train your users and fine-tune your workflows so you're ready well before your actual reporting year.
Even as CSRD reporting dates shift, future requirements around digital filings—including how and when reports are submitted—are still being shaped by regulators like ESMA. Taxxor is built to evolve alongside these changes, so you don’t have to worry about future-proofing. We do it for you.
If the ‘stop the clock’ proposal is approved, it will give many companies breathing room. But those that act now will gain a significant edge—because they won’t be rushing to catch up in 2027. They'll be ready, efficient, and confident in their reporting process.
Taxxor is here to help you use this time to your advantage. Whether you're just starting to think about CSRD or looking to refine your current reporting workflows, we're ready to support you every step of the way.
Contact us today to explore how you can turn this delay into an opportunity—and be ready for what’s next in sustainability reporting.
