This article explores the European Union’s recent decision to delay the implementation of the Corporate Sustainability Reporting Directive (CSRD) in an effort to simplify the sustainability reporting process for companies. The CSRD aims to standardize Environmental, Social, and Governance (ESG) disclosures across large companies within the EU, with the goal of enhancing transparency, accountability, and comparability in line with the EU’s 2050 climate-neutral objectives. However, the scope and complexity of the reporting requirements have raised concerns about administrative burden and relevance. The EU Commission has proposed significant amendments to reduce the reporting scope and simplify compliance, including a reduced company threshold and a two-year reporting delay. While these reforms aim to ease the regulatory burden, they may also reduce the level of transparency and accountability that investors and consumers rely on, raising concerns about the balance between fostering innovation and maintaining sustainability goals.