The EU’s omnibus proposal to reduce corporate sustainability regulations aims to make the region’s businesses more competitive internationally, but it also raises concerns about the potential reduction in corporate accountability for addressing human rights
In late February, the European Commission suggested relaxing some environmental and corporate sustainability regulations for most European businesses. This omnibus proposal comes after concerns were raised that strict European Union regulations put the region’s businesses at a disadvantage compared to international competitors, especially with deregulation efforts underway in the United States.
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