Amendment to Regulation (EU) 2023/2772

This procedure aims to simplify certain sustainability reporting standards for companies. It revises existing rules to make them easier to follow, potentially reducing the burden on businesses while still ensuring transparency on environmental, social, and governance matters.

This change primarily affects companies, especially small and medium-sized enterprises (SMEs), by streamlining their reporting obligations. It seeks to improve the business environment and financial management for undertakings.