Civil society warns: ESRS cuts risk hiding companies’ impacts on people and nature - EUbusiness.com | EU news, business and politics
Weakening European sustainability reporting standards risks enabling greenwashing by removing essential transparency. Signatories warn that diluting these rules creates blind spots, allowing companies to hide negative impacts on nature and communities while misleading the public. Without clear, comparable data, responsible businesses become indistinguishable from those making unsubstantiated claims. This lack of reliable information undermines investor trust and prevents consumers from making informed decisions, ultimately eroding market integrity. The statement urges protecting the coherence of reporting mandates. Strong disclosures are vital for economic resilience, ensuring that sustainability claims reflect genuine actions rather than strategic obfuscation.
Source: eubusiness.comPublished on 2026-03-12