EU postponed two more laws from the green transaction in service of business
The European Union postponed the entry of business liabilities under two green transaction directives after the European Commission proposed this at the end of February to facilitate businesses and improve their competitiveness.
On Monday, the postponement of some requirements for reporting two corporate resistance directives and proper inspection was finally accepted, as well as the deadline for transposing the provisions of proper inspection that affect the transparency of the effects of their activity on nature and humans.
The European Commission shrinks four laws of the green deal because of the business
The European Minister of Poland, who is currently chairing the EU Adam Hat Council, said it was being done to fulfill the promise of politicians to business to simplify European legislation for the benefit of business.
Simplifying the legislation became a leading priority for the current European Commission, after a report commissioned by former Italian Prime Minister Mario Dragi last year, he cited excessive bureaucracy as a leading obstacle to the competitiveness of European business.
The postponement shall enter into force immediately after it has been published in the Official Journal of the EU.
The two directives were adopted with the idea of introducing more resilient business practices regarding the effect of their environmental activities. And also to protect investors from misleading claims about the results of companies in the field of environmental, social and corporate management.
Through them, the companies had to be legally obliged to collect all the necessary information and report all the problems related to the sustainability that affect their activities, thus creating a culture of transparency in terms of impact that companies have on humans and the environment.
Who runs Europe and why the first brick of the green deal fell
By The Corporate Sustainability Directive Companies with over 250 employees and EUR 40 million net turnover had to publish the effects of their environmental activities, with the first reports being released in 2025. Small and medium -sized companies on the exchanges were to start publishing reports from 2026.
The Corporate Sustainability Directive It obliges companies to properly check in their own supply chains to prevent or minimize human rights, such as the use of slavery, or certain environmental risks. The legislation introduces an obligation for large companies to take measures to eliminate adverse effects on human and environment rights within their operations, subsidiaries and supply chains.
How Pro -European Coalition in Europe Cracks
The postponement of the two directives was done under emergency procedures, which caused dissatisfaction with part of the pro -European groups in the European Parliament, which expressed concerns about continuing the application of the green transaction. However, the European Commission has demanded an urgent postponement to cancel the obligations for companies arising from the directives before they start submitting the information they have requested.
