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Ursula von der Leyen committed to reducing reporting requirements on businesses by 25 percent to boost competitiveness in the face of the US competition (Photo: European Commission)

EU to let companies self-police on green and social rules

Last Friday (9 June), the European Commission published a draft set of environmental, social and governance (ESG) reporting rules.

The European Sustainability Reporting Standards (ESRS) will cover 50.000 EU companies and are meant to improve their disclosures on twelve standards.

These include workforce-related issues such as collective bargaining and adequate pay, the impact on the environment, water, local communities and biodiversity transition plans.

"We intend to ado...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Ursula von der Leyen committed to reducing reporting requirements on businesses by 25 percent to boost competitiveness in the face of the US competition (Photo: European Commission)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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