Headlines
EU Parliament approves deal to weaken corporate sustainability laws
Published by Global Banking and Finance Review
Posted on December 16, 2025
Last updated: January 7, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 16, 2025
Last updated: January 7, 2026
BRUSSELS, Dec 16 (Reuters) - The European Parliament gave its formal approval on Tuesday to scale back the EU's corporate sustainability laws, clearing one of the final legal hurdles before the changes can pass into law.
The European Parliament voted to approve the changes, with 428 lawmakers in favour, 218 against and 17 abstentions.
EU countries will give their final approval to the deal in early 2026 - a formality that is expected to wave through the amendments so they can pass into law.
(Reporting by Kate Abnet, Benoit Van Overstraeten, Editing by Charlotte Van Campenhout)
Corporate sustainability refers to a company's commitment to conducting business in an ethical manner that considers environmental, social, and economic impacts, aiming for long-term viability while minimizing negative effects.
EU regulations are legal acts of the European Union that are binding in their entirety and directly applicable in all member states, ensuring uniformity in laws across the EU.
Compliance in finance refers to the processes and policies that ensure a company adheres to legal standards, regulations, and internal policies to avoid legal penalties and maintain ethical standards.
The European Parliament is one of the key institutions of the European Union, responsible for representing EU citizens, debating and passing legislation, and overseeing other EU institutions.
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