Tomorrow the Commission is poised to publish its first Omnibus proposal streamlining green rules to boost competitiveness. First up? Weakening sustainability reporting and due diligence rules that hold companies accountable for their environmental impacts. 🧵 - ThreadSky

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transenv.bsky.social • 6 days ago

Tomorrow the Commission is poised to publish its first Omnibus proposal streamlining green rules to boost competitiveness.

First up? Weakening sustainability reporting and due diligence rules that hold companies accountable for their environmental impacts.
🧵

Comments

transenv.bsky.social•6 days ago

Transparency isn’t a burden; it helps companies attract investment, making them more competitive.

Arbitrary legislative changes will confuse the market and risk delaying other important laws like the EU Batteries Regulation.
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transenv.bsky.social•6 days ago

Public interest campaigns like @travelsmart.bsky.social use this info to evaluate companies' sustainability targets and performance in reducing emissions.

Dismantling these rules would allow companies to use sustainability plans as marketing weapons and then fail to implement them.
3/

transenv.bsky.social•6 days ago

Rather than dismantling green finance laws, the focus should be on smart implementation: streamlining rules with sector-specific standards and clear guidelines to help businesses put rules into practice.
4/

transenv.bsky.social•6 days ago

The Commission must work to achieve simplification without deregulation and protect the robust framework that positions Europe as a leader in sustainable finance.

Read the op-ed 👇
https://bit.ly/4kenwGQ

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