EU lawmakers propose further easing of corporate sustainability rules amid backlash
The European Commission proposal would exempt companies with fewer than 1,000 employees - already cutting out more than 80% of the roughly 50,000 companies currently covered by the green reporting rules. File picture
The European Union should further slash the number of companies subject to its environmental and corporate sustainability rules, the European Parliament member leading negotiations on the policies said on Thursday.
The European Commission proposed a "simplification omnibus" in February that it said would help European firms compete with foreign rivals by cutting back on sustainability reporting rules and obligations intended to root out abuses in their supply chains.
