Become part of the movement for unbiased, accessible election information. Donate today.
EU parliament votes to delay ESG rule (2025)
| Environmental, social, and corporate governance |
|---|
|
| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
The European Parliament voted last week to delay the implementation of ESG regulations, including the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).
The vote was the latest step in the EU’s consideration of revisions to the ESG rules. The leaders of some countries, including Germany and France, have argued the regulations are too burdensome and could hurt the bloc’s economic and business competitiveness.
| “ |
Lawmakers in the European Parliament announced today an agreement to approve the European Commission’s ‘stop-the-clock’ directive, delaying the implementation of key sustainability reporting and due diligence regulations, including the CSRD and CSDDD. The agreement was supported by a large majority of MEPs in a 531 – 69 vote, despite a series of amendments submitted by far-left and right parties, which included proposals ranging from outright rejecting the directive to extending the delay of the sustainability reporting rules to 15 years. The announcement, following the approval last week of the ‘stop-the-clock’ directive by member state representatives in the EU Council, marks a significant step in the Commission’s Omnibus I package, aimed at significantly reducing the sustainability reporting and regulatory burden on companies, and particularly on SMEs.[1] |
” |
See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
| |||||||||||||||||||||||
