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October 18, 2023

CSRD under attack as EU gears up for elections

Man voting at European elections
The reduced ambition around reporting is a tendency from European centre-right politicians as they move into election mode ahead of the next year’s elections, says Eurosif’s Aleksandra Palinska (Photo: AnnaStills/Envato)

Attempts to weaken sustainable finance reporting are growing as centre-right politicians position themselves as business-friendly ahead of the 2024 European elections

The Corporate Sustainability Reporting Directive is in the firing line in Brussels as the European Commission announced plans to postpone CSRD sector-specific standards and to change the definition of a small and medium enterprise, while members of the European parliament rejected a call by the centre-right European People’s party to weaken the European Sustainability Reporting Standards. 

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