EU confirms dramatic cuts in sustainability reporting requirements
"Full-scale deregulation designed to dismantle corporate accountability."
The European Commission has confirmed plans to remove 80% of firms from the scope of CSRD, postpone its application, and significantly weaken its sustainability due diligence directive.
Today’s publication of the first Omnibus legislation confirmed the accuracy of the draft leaked earlier this week – and sustainability leaders’ fears that Europe is giving up its leadership on the topic.
