EU Finalises Plan to Scale Back Sustainability Rules

The European Union has approved a sweeping revision of corporate sustainability rules initially designed to hold companies accountable for environmental and human-rights risks across their supply chains.

The EU member states on Tuesday finalised the “Omnibus” package, intended to simplify sustainability and due diligence reporting in the bloc.The reforms amend the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD),…