Campaign groups denounce ‘strong pressure’ to water down EU sustainability reporting standards

In a joint letter to the European Commission, trade and civil society groups have cited “political pressure” and “narrow business interests” as a risk to Europe’s sustainability agenda.

A group of 37 think-tanks and environmental and social campaigners have written to EU financial services commissioner Mairead McGuinness expressing concern that political and business interference is hindering the bloc’s progress in the finalisation of much-awaited sustainability disclosure standards.