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In February, the European Commission adopted a proposal to drastically reduce sustainability reporting requirements in the European Union, including a rewrite of the European Sustainability Reporting Standards. While the proposal has yet to be discussed in the Council or the European Parliament, the Commission is moving forward by requesting the regulatory authority to begin the rewrite, in anticipation of the final passage. The instructions indicate that they expect passage of reforms by the end of 2025. As part of the European Green Deal, the EU pushed through a trilogy of regulations aimed at controlling businesses’ climate related activities. In 2022,…

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