The European Parliament’s lead negotiator on the Omnibus regulatory package, Jörgen Warborn of the European People’s Party (EPP), has released a proposal calling for significantly deeper cuts to the EU’s sustainability reporting obligations than those originally suggested by the European Commission.
The draft amendments—intended to form the Parliament’s negotiation stance—would drastically narrow the scope of both the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD). Warborn’s version raises the threshold to 3,000 employees and €450 million in annual revenue, compared to the Commission’s proposal of 1,000 employees. This would remove the vast majority of companies from mandatory sustainability reporting.
Read the full article at: esgnews.com
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