France urges the EU to delay and amend sustainability laws like the CSRD and CSDDD, citing burdens on businesses. Proposed changes include limiting scope, easing SME requirements, and focusing reporting on climate goals.
France has called for major amendments and delays to key EU sustainability reporting and due diligence regulations, citing excessive regulatory burdens on businesses, particularly small and medium-sized enterprises (SMEs). The government’s proposal urges an indefinite postponement of the Corporate Sustainability Due Diligence Directive (CSDDD) and significant changes to the Corporate Sustainability Reporting Directive (CSRD), including reduced reporting obligations and simplified compliance requirements.
France also proposes increasing the CSDDD’s company size threshold to 5,000 employees and €1.5 billion in revenue, limiting the scope of the legislation to fewer businesses. The submission aligns with Germany’s calls for easing sustainability regulations and comes amidst an EU-wide push to simplify regulatory frameworks.
Critics warn that altering these rules could undermine policy certainty and jeopardize the investments companies have already made to comply with the new directives.
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