EU to pare back sustainability rules for companies, draft shows

23/2/2025 6:25

The European Commission plans to cut back the number of companies facing EU sustainability reporting requirements, as part of its drive to cut red tape for businesses, a draft document seen by Reuters showed.



Brussels plans to publish next week an "omnibus" proposal to simplify green rules for businesses, aiming to make local industries more competitive and respond to U.S. President Donald Trump's promise to scrap regulations.



The European Union is also facing competing calls from member countries including Germany and France demanding the green reporting rules are weakened - and others, including Spain, which have argued the rules are key to upholding the EU's values on the environment and human rights.