The European Commission has called on 17 Member States to fully transpose the Corporate Sustainability Reporting Directive (CSRD). It has opened infringement procedures by sending a letter of formal notice to  Member States (Belgium, Czechia, Germany, Estonia, Greece, Spain, Cyprus, Latvia, Luxembourg, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia and Finland) for failing to notify their national measures transposing fully the Accounting Directive (Directive 2013/34/EU), the Transparency Directive (Directive 2004/109/EC) and the Audit Directive (Directive 2014/56/EU), as amended by the Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464). 

Member States concerned now have two months to reply to the letters of formal notice and complete their transposition, or the Commission may decide to issue a reasoned opinion. Full details.