Due Diligence: EU to hit the pause button?

EU considering simplifying CSRD, CSDDD, and Taxonomy regulations. Germany requests CSRD pause. Businesses have opportunity to voice concerns about overregulation to Commission and Member States

The key points to know:  EU Commission is planning an initiative to consider simplifying the upcoming CSRD, CSDDD, and Taxonomy regulations. Germany requests CSRD pause.

Why this matters: It would help address concerns about EU overregulation and may signal a way to reduce compliance burden for businesses.

What happens next:  EU Commission to announce simplification initiative in February.

What you need to do: Voice concerns about over-regulation to EU Commission and to Member State governments.

ADDITIONAL INFORMATION:

Qatari energy minister speaking in the Financial Times