World Business Report European lawmakers dilute green rules
Nov 13, 2025
Jürgen Warborn, a Member of the European Parliament, explains the recent vote to relax sustainability reporting rules, arguing it boosts EU competitiveness and saves businesses billions. Tom Gellin, Greenpeace campaigner, criticizes this as deregulation that undermines the EU’s climate credibility, especially at COP in Belém. Yoon Ah-ko brings attention to South Korea's shipyards facing challenges from increased migrant labor, stemming from local skill shortages and wage issues.
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EU Scales Back Corporate Sustainability Reporting
- The European Parliament voted to reduce sustainability reporting, removing obligations for many firms and cutting reporting burdens.
- Jürgen Warborn argues this saves about €5bn annually and redirects funds to innovation rather than paperwork.
Reduce Paperwork To Boost Innovation
- Simplify rules to lower administrative burdens so businesses invest in R&D and growth instead of paperwork.
- Channel saved compliance costs into products and services that address sustainability in practice.
Deregulation Undermines EU Climate Credibility
- Greenpeace sees the move as deregulation that removes obligations like climate transition plans and weakens EU leadership.
- Tom Gellin warns the timing undermines credibility as the EU asks others to raise climate ambition at COP.