By Kate Abnett and Virginia Furness
Brussels / London (Reuters) – The European Commission plans to reduce the number of companies faced with the requirements for declaring the sustainability of the EU, as part of its desire to reduce administrative formalities for companies, has shown a project of document seen by Reuters.
Brussels plans to publish a “omnibus” proposal to simplify green rules for companies next week, aimed at making local industries more competitive and responding to the promise of US President Donald Trump to remove regulations.
The European Union is also faced with competing calls from member countries, including Germany and France, the requiring green declaration rules is weakened – and others, including Spain, which argued that The rules are essential to maintain the EU values ​​on the environment and human rights.
A partial project of the next proposals, seen by Reuters on Saturday, has shown that the Commission provided for changes in the EU report on reports on the sustainability of companies, which obliges companies to disclose information on their environmental sustainability and social.
Under the proposal draft, which could still change before its publication, only companies with more than 1,000 employees and a net turnover greater than 450 million euros ($ 471 million) would be subject to the rules of the rules .
Currently, the rules apply to companies with more than 250 employees and a turnover of 40 million euros. The EU would also cancel its plans to adopt specific reports to the sector next June, the project said.
The document also detailed the plans to delay the law on the reasonable diligence of the EU – known as CSDDD – which aims to guarantee that companies find and solve human rights and environment problems in Their supply chains, by imposing reasonable diligence requirements on large companies.
The proposal project would oblige companies to undertake only in-depth assessments of their direct trade partners and subsidiaries, leaving aside other subcontractors and suppliers in their supply chains.
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(Report by Kate Abnett; edition by Emelia Sithole-Matarise)
