OPINION: There’s a message blowing across the Atlantic that the business of investment is to maximise return, and considering people and planet is woke nonsense. This argument is outdated, says GSG Impact chair Nick Hurd.
Campaigners say EU is “moving in reverse” after radical proposal to further limit the reach of flagship corporate sustainability regulations passes key vote in Parliament thanks to support from far-right parties vowing to “stop the Green Deal”.
The consensus text criticised for watering down corporate sustainability requirements had been approved by centre parties in committee last week, but MEPs narrowly rejected it in a plenary vote yesterday.
EU parliament committee doubles down on the bloc’s sustainability simplification drive, hardening proposals in the controversial “Omnibus” package that have come under fire for diluting flagship corporate impact reporting regulation.
An initiative claiming to ‘simplify’ EU sustainability laws has been branded ‘full-scale deregulation’ by opponents, with former UN high commissioner for human rights Mary Robinson calling on the European Parliament to resist the reforms.
