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EU To Host 'Simplification Roundtable' On Reducing Sustainability Reporting

The article from Forbes, published on January 29, 2025, discusses the European Union's initiative to simplify sustainability reporting requirements. The EU is set to host a "Simplification Roundtable" aimed at reducing the complexity and burden of current sustainability reporting obligations on businesses. This move comes in response to feedback from companies about the overwhelming amount of data and the intricate nature of compliance with various regulations like the Non-Financial Reporting Directive (NFRD) and the upcoming Corporate Sustainability Reporting Directive (CSRD). The roundtable will include stakeholders from businesses, regulatory bodies, and NGOs to discuss potential streamlining measures, harmonization of standards, and the integration of digital tools to facilitate easier reporting. The goal is to make sustainability reporting more efficient, less costly, and more aligned with global standards, thereby encouraging more companies to engage in sustainable practices without the fear of regulatory overload.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/jonmcgowan/2025/01/29/eu-to-host-simplification-roundtable-on-reducing-sustainability-reporting/ ]