{"id":137229,"date":"2025-02-05T07:30:57","date_gmt":"2025-02-05T05:30:57","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/commission-accused-of-rushing-through-review-of-corporate-sustainability-rules\/"},"modified":"2025-02-05T07:30:57","modified_gmt":"2025-02-05T05:30:57","slug":"commission-accused-of-rushing-through-review-of-corporate-sustainability-rules","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/commission-accused-of-rushing-through-review-of-corporate-sustainability-rules\/","title":{"rendered":"Commission accused of rushing through review of corporate sustainability rules"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/137229\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The European Commission has been criticised for giving too much space to industry and business interests in discussions over a fast-track streamlining of sustainability and due diligence reporting rules. Liberal MEP Pascal Canfin has slammed what he calls a \u201cfake consultation\u201d over plans to renegotiate due diligence requirements for companies operating in Europe, in what green groups fear will be just a first phase of a bonfire of red tape.<\/p>\n<p>Economy commissioner Valdis Dombrovskis is due to convene a \u2018simplification roundtable\u2019 on Thursday (6 February) to discuss a so-called omnibus proposal to amend a raft of EU laws that were only recently adopted amid considerable political division. These are the Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD) and the EU\u2019s sustainable investment taxonomy \u2013 a list of business activities deemed to be \u2018green\u2019 under EU law.<\/p>\n<p>But the EU executive has been slammed for drawing up participant list heavily skewed towards business interests, and holding the talks behind closed doors just three weeks before it plans to publish its proposal. \u201cI am in favour of simplification of public policy, as long as it means making their delivery easier and is not a smokescreen for deregulation,\u201d Canfin (France\/Renew Europe), a former chair of the European Parliament\u2019s environment committee, said in a social media post this week.<\/p>\n<p>Governments support stripped-down corporate due diligence law<br \/>\n\u201cLooking at the leaked list of the participants of this ad hoc consultation makes me fear that it will end up as being a fake consultation,\u201d he said. That list includes ten civil society and two union umbrella groups, alongside some two dozen trade associations representing sectors such as the chemicals, automotive, insurance and banking sectors, along with a raft of individual companies ranging from Airbus to ExxonMobil.<\/p>\n<p>Canfin bemoaned the absence of any pro-sustainable finance business groups, or companies who have actively supported the legislation aimed at greening Europe\u2019s economy. He named Nestl\u00e9, Ferrero and Unilever, which were among a group of firms that wrote to Commission president Ursula von der Leyen this month, voicing concern about the \u201cpotential for others to use this process to call for the legislation to be reopened for political renegotiation\u201d.<\/p>\n<p>The campaign group Share Action today echoed Canfin\u2019s concerns, criticising a review process it said had been \u201chastily arranged, with no meaningful opportunity for wider stakeholder engagement\u201d. \u201cWhat\u2019s at stake is the future of key sustainability laws that hold companies and investors accountable for their environmental and social impact,\u201d the ShareAction statement said. \u201cThe Omnibus threatens to weaken these rules under the guise of simplification.\u201d<\/p>\n<p>The second Commission headed by conservative EPP group politician Ursula von der Leyen has made a mantra of the term simplification \u2013 Dombrovskis\u2019s full title is Commissioner for Economy and Productivity, Implementation and Simplification \u2013 and intends to revisit the gamut of EU regulation to lighten the reporting burden for businesses.<\/p>\n<p>In a \u2018competitiveness compass\u2019 setting out its plans to help European firms on the global stage, the EU executive revealed last month that the review of corporate sustainability reporting rules would be only the first in a series of unspecified \u2018omnibus\u2019 proposals, details of which are expected in a 2025 work programme slated for publication next week.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2025\/02\/04\/commission-accused-of-rushing-through-review-of-corporate-sustainability-rules\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/commission-accused-of-rushing-through-review-of-corporate-sustainability-rules\/\">Commission accused of rushing through review of corporate sustainability rules<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[557,17829,555],"class_list":["post-137229","post","type-post","status-publish","format-standard","hentry","category-news","tag-commission","tag-corporate-sustainability-rules","tag-csr-news-en"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=137229"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137229\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=137229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=137229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=137229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}