Long regarded as the global pacesetter on sustainable business legislation, the European Union (EU) is in danger of losing its leadership status in a misguided race to boost the bloc’s economic competitiveness, a leading lawmaker warns.
Summary
‘Simplification’ a cover for slashing sustainability rules, says Lara Wolter
EU Omnibus bill cuts CSRD scope, removing 80% of companies due to report
Draghi competitiveness report blamed for driving EU deregulation push
Investors left relying… [8136 chars]
Source: Reuters | Published: 2026-05-06T08:01:00Z
Credit: Reuters
