Legal
Germany Asks EU to Ease Green Reporting Rules Amid Downturn
- Changes needed to reduce burden on businesses, letter says
- Greens’ economy minister Habeck is among signatories
The push comes as the German economy is projected to shrink for a second straight year.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Germany has asked the European Union to soften its rules on sustainability reporting for companies as the bloc’s largest economy grapples with a downturn.
Berlin is calling for the EU’s Corporate Sustainability Reporting Directive to be postponed by two years and to exempt small- and medium-sized firms from the reporting duties, according to a letter seen by Bloomberg.