Corporate Sustainability Reporting Directive (CSRD)

A fragile deal to reform corporate supply chain laws has been upended by a knife-edge vote in the European Parliament on 22 October. An uneasy coalition of the chamber’s left wing, which thinks the simplification measures go too far, made common cause with the extreme right, which thinks they don’t go far enough, to oppose the deal agreed by centrists about a week ago. The issue will be put to a further vote on 13 November. In the meantime, Commission President Ursula von der Leyen’s red-tape-cutting plan has an uncertain fate, and the centrist coalition that voted her into office has suffered another blow.