EU agrees to weaken and delay green business rules
Summary
European governments and lawmakers have agreed to weaken and delay key EU environmental and human rights business rules, reducing burdens on firms and pushing back compliance deadlines.
Key Points
- European governments and lawmakers agreed to weaken and delay new environmental and human rights rules to ease burdens on businesses.
- The Corporate Sustainability Reporting Directive (CSRD) now applies only to companies with more than 1,000 employees and €450 million turnover.
- The Corporate Sustainability Due Diligence Directive (CSDDD) scope is limited to firms with over 5,000 employees and €1.5 billion turnover and compliance delayed to July 2029.
- The deal removes the obligation for companies to adopt transition plans for climate change mitigation and discards the European civil liability regime.
