CSRD and CSDDD Officially Delayed, With Huge Majority of MEPs in Support
- The European Commission's proposed 'stop the clock' measure allows an additional year for governments to implement due diligence rules, now due by July 2027, according to President Ursula von der Leyen.
- Pascal Canfin stated that without the delay, firms would be 'in the dark' about reporting requirements next year.
- Concerns were raised regarding the U.S. President's 20% punitive tariff on EU goods, which exceeds other high trade tariffs, remarked a senior trade official.
- The Greens, including Terry Reintke, expressed concern over potential weakening of regulations, supporting the four-party agreement that aims to limit further deregulation.
15 Articles
15 Articles
Greens, socialists hope centrist alliance will limit EU deregulation
The European Parliament has voted to delay key rules on corporate sustainability pending a reduction of their scope, on the same day the Trump administration appeared to be targeting EU regulatory standards with a punitive 20% import tariff.
According to Michal, the EU is reducing the number of entities required to report on sustainability
According to Prime Minister Kristen Michal, the European Commission is lowering the threshold for companies that must start submitting sustainability reports. From now on, only the largest companies will be required to report.
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