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The EU’s plan to ease sustainability rules sparks debate over protecting corporate green competitiveness. (Photo: iStock)
On June 30, more than 100 companies and investors issued a joint statement urging the European Union to maintain its strong sustainability regulations. While they acknowledged that regulatory frameworks can be simplified, they emphasized that such changes must not compromise the long-term economic value of sustainable practices.
In response to reports that the EU might withdraw its proposed anti-greenwashing rules, a spokesperson for the European Commission clarified that no internal consensus had been reached, but did not rule out the possibility.
IKEA's parent company, Nokia back call to keep EU green rules
In March, the European Commission proposed the “EU Omnibus Simplification Package,” a set of measures aimed at reducing administrative burdens and easing the pressure on businesses to decarbonize. The package is still under negotiation, sparking debates among stakeholders.
