The EU is set to exempt four out of five companies from a directive on corporate sustainability reporting, leaving only the largest firms obligated to disclose their environmental impact. Vice-President Valdis Dombrovskis defended this change by citing geopolitical shifts and emphasized the need for a more competitive Europe. Critics, including the European Consumer Organisation and Oxfam, argue that these changes undermine sustainability efforts and could lead to increased exploitation and environmental harm. An emergency bill is proposed to suspend the reporting directive until 2028 to avoid regulatory chaos. Teljes cikk (Euronews.com)