EU Parliament Compromise Reduces Sustainability Reporting Requirements
The European Parliament’s Legal Affairs Committee has approved a compromise position to scale back sustainability reporting requirements. The decision comes after months of political debate and sets the stage for final trilogue negotiations between EU institutions.
The European Parliament has reached a significant compromise to reduce sustainability reporting requirements for businesses, marking a pivotal shift in the implementation of the European Green Deal legislation. On October 13, the Legal Affairs Committee (JURI) approved the revised position that scales back obligations under both the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD), with a full parliamentary vote expected on October 20.