Kate Abnett and Virginia Furness
Bruseles/London (Reuters) – The European Commission plans to reduce the number of companies facing the EU sustainability reporting requirements, as part of its urge to reduce bureaucracy for companies, the draft document seen by Reuters showed.
Brussels plans to publish next week’s proposal for “Omnibus” to simplify green rules for companies, making the local industry more competitive and respond to the promise of US President Donald Trump that they will abolish regulations.
The European Union also faces competitive calls to members, including Germany and France, demanding that green reporting are weakened – and others, including Spain, who claimed that the rules are crucial to supporting EU value about environmental and human rights.
The partial draft of the upcoming proposals, which Reuters saw on Saturday, showed that the Commission plans to change changes in the Corporate Sustainability Corporate Sustainability Directive, which requires companies to discover information about their ecological and social sustainability.
According to the draft proposal, which could still change before being published, only companies with more than 1,000 employees and net traffic greater than 450 million euros ($ 471 million) are subject to the rules of the rules.
Currently, rules are applied to companies with more than 250 employees and 40 million euros in traffic. The EU would also cancel its plans for adopting the Servester Reporting Standard until the next June, the draft said.
The document is also a detailed plans for delaying the EU duties – known as the CSDDD – which aims to ensure that companies find and repair human rights and environmental issues in their supply chains, imposing a depth checking for large companies.
The draft proposal requires companies to execute only detailed assessments of their direct business partners and branches, leaving other subcontractors and suppliers in their supply chains.
($ 1 = 0.9562 euros)
(Kate abnett reporting; Emelia Sithole-Matarise Mounting)
