By Kate Abnett and Virginia Furness
Brussels/London (Reuters) – The European Commission is planning to reduce the number of companies with EU -durability reporting requirements, as part of its drive to reduce bureaucracy for companies, a document viewed by Reuters showed.
Brussels plans to publish an “Omnibus” proposal next week to simplify green rules for companies, with the aim of making local industries more competitive and to respond to the promise of US President Donald Trump to delete the regulations.
The European Union is also confronted with competing calls from Member States, including Germany and France that demand that the green reporting rules are weakened – and others, including Spain, who have argued that the rules are crucial to the EU values about the environment And to maintain human rights.
A partial design of the upcoming proposals, seen by Reuters on Saturday, showed that the Commission is planning changes in the EU’s Corporate Sustainability Reporting Directive, for which companies must be announced about information about their environmental and social sustainability.
According to the draft proposal, which could still change before it was published, only companies with more than 1,000 employees and a net turnover of more than 450 million euros ($ 471 million) would be subject to the obligations of the rules.
The rules currently apply to companies with more than 250 employees and a turnover of 40 million euros. The EU would also cancel its plans to accept the sector -specific reporting standards in June, according to the draft.
The document also has detailed plans to postpone the EU due diligence legislation – known as the CSDDD – which ensures that companies ensure that and environmental issues in their supply chains find human rights and environmental chains and resolve by great diligence – requirements to large requirements to impose companies.
The concept proposal should require companies only carry out in -depth assessments of their direct business partners and subsidiaries, so that other subcontractors and suppliers are omitted in their supply chains.
($ 1 = 0.9562 euros)
(Reporting by Kate Abnett; Processing by Emelia Sithole-Matere)
