The EU Commission plans large reforms for sustainable competitiveness!

The EU Commission plans large reforms for sustainable competitiveness!

In the latest step of the European Commission to increase competitiveness, a significant relaxation of current reporting obligations for companies in relation to sustainability is planned. According to a draft, which was published by OE24 in the future, with more than 1000 employees and a net turnover of over 450 million euros to disclose their ecological and social practices. This is in contrast to the currently applicable rules, which are already effective at 250 employees and 40 million euros. This measure is intended to reduce bureaucratic hurdles and to enable industry a more competitive position.

In addition, the EU Commission plans a fundamental revision of the supply chain guideline that obliges companies to observe human rights and environmentally friendly standards in its supply chains. It is planned that in future only immediate business partners and subsidiaries will be subjected to an in -depth examination, while suppliers and subcontractors will be left out. These new regulations aim to strengthen the competitiveness of European companies and to react to similar efforts by the United States under President Trump.

competitiveness through innovation and decarbonization

In addition, the Commission presented the "Compass for competitiveness" document, which formulates a clear timetable for the future of Europe. As explains the EU Commission are in focus, decarbonization and security. Ursula von der Leyen, President of the Commission, emphasized the need to overcome the weaknesses of Europe in order to survive in international competition. The report emphasizes that a combination of creative start-ups and investment-friendly framework conditions is necessary to get Europe's innovation engine going again.

The Commission also intends to facilitate access to clean, affordable energy and thus reduce the dependence on external markets. An action plan to strengthen the energy -intensive sectors such as steel and chemistry is also part of this comprehensive competition approach. The entire project is in line with the aim of making Europe the first climate -neutral continent and sustainable the economic dynamics in the region.