2 days ago
EU Lawmakers Propose Further Easing of ESG Rules Amid Backlash
European lawmakers are considering drastic cuts in the number of companies subject to new ESG reporting requirements, raising concerns the bloc is doing serious damage to its sustainability agenda.
Jorgen Warborn, the member of parliament charged with ushering the changes through the legislature, proposed that only companies with more than 3,000 employees should be in scope of the EU's Corporate Sustainability Reporting Directive, according to documents shared by Warborn on LinkedIn. That compares with a current threshold of 250, and triples a proposal by the European Commission to raise it to 1,000.
