US EditionEU lawmakers to vote on unpicking green business rules
EU lawmakers voted to limit the Corporate Sustainability Due Diligence Directive to companies with over 5,000 employees or €1.5 billion turnover, easing compliance for smaller firms.
- On Thursday, European Parliamentarians will vote on amendments to the Corporate Sustainability Due Diligence Directive, with proposals sharply narrowing the law's scope amid parliamentary division.
- Commission and member-state pressure has driven calls to ease the rules after the European Commission approved the law last year, which originated from the Rana Plaza disaster, critics say.
- The CSDDD obliges large companies to address adverse human-rights and environmental impacts, including deforestation and forced labour, while advocates like Bloom warned amendments would hollow the law.
- Amendments would lift the threshold to 5,000 employees and over 1.5 billion euros turnover and could remove the EU civil liability regime, with Parliament moving to negotiations with member states and the European Commission by the end of the year.
- EPP supporters say the changes boost predictability and competitiveness, with Jorgen Warborn arguing they reflect a pro-business tilt while Socialists & Democrats accuse the centre-right of allying with the far right to push deregulation.
51 Articles
51 Articles
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