The European Commission’s upcoming proposal is expected to simplify green reporting standards for businesses, providing relief from complicated and overlapping regulations. The changes may include modifications to the corporate sustainability reporting directive and the corporate sustainability due diligence directive.
The proposed bill, to be announced on February 26, aims to simplify three major green rules affecting businesses, including the EU taxonomy, which defines sustainable investments. However, green and center-left groups are likely to oppose the changes, setting up a potential fight in the European Parliament.