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The EU is scaling back its corporate sustainability rules, targeting only the largest firms and delaying full implementation until 2029.
The EU has agreed to weaken its corporate sustainability laws, limiting mandatory reporting to companies with over 1,000 employees and €450 million in annual turnover, down from nearly 50,000 firms.
Due diligence rules will apply only to the largest firms—over 5,000 employees and €1.5 billion in turnover—excluding climate transition plans.
Penalties for non-compliance cap at 3% of global turnover, with full implementation by July 2029.
The deal, aimed at easing regulatory burdens, still requires formal approval from the European Parliament and member states.
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La UE está reduciendo sus normas de sostenibilidad corporativa, apuntando solo a las empresas más grandes y retrasando su plena aplicación hasta 2029.