MEP backs simpler sustainability reporting and due diligence rules, easing burdens for most firms while keeping key obligations for large companies and creating a free digital compliance portal

MEPs have voted to simplify sustainability reporting and due diligence rules: under their negotiating position, only very large companies (with over 1,750 employees and €450 million turnover) would need to report, due diligence duties would apply only to corporations with over 5,000 employees and €1.5 billion turnover, there would be no mandatory transition plans, and liability would remain at the national level …