Welcome to Better Europe's weekly update on EU Affairs. MEPS ACCEPT COMMISSION PROPOSAL TO DELAY SUSTAINABILITY REPORTING Sustainability reporting was high on the agenda of the European Parliament’s Committee on Legal Affairs this week, as it voted on the delay of sector-specific reporting standards and also discussed the 2024 Work Programme of the European Financial Reporting Advisory Group (EFRAG), who are currently providing technical advice to the Commission on the standards. MEPs agreed to accept the Commission proposal to delay by two years the adoption of sector-specific sustainability reporting standards, which is now envisaged for 2026. This vote is consistent with the Commission’s highly political push to reduce specific reporting obligations for EU companies in attempt to fight administrative burden. While MEPs accept the delay, they do suggest that the…

Welcome to Better Europe's weekly update on EU Affairs. EUROPE BIDS GOODBYE TO OFFSETTING CLAIMS BY EMPOWERING CONSUMERS With an overwhelming majority, the Parliament this week adopted the agreement on the Empowering Consumers Directive (ECD) aimed at combatting greenwashing (for EU nerds, it amends the Unfair Commercial Practices Directive and the Consumers Rights Directive). The deal includes a ban on claims based on carbon offsetting and provisions to ensure that sustainability labels are based on a verified certification scheme. What does this mean in practice? As of 2026, when the rules are expected to apply, companies will no longer be allowed to claim that their products and/or services are “climate neutral” or “climate positive”. Companies can also no longer require consumers to replace parts or update software before it is…

Welcome to Better Europe's weekly update on EU Affairs. MUSICAL CHAIRS FOR EUROPE’S TOP JOBS ACCELERATE DUE TO LIBERAL RESHUFFLE Winds of change are blowing over Europe’s highest political offices. European Council President Charles Michel announced last Sunday that he would soon leave his position to run as a candidate for the European Parliament elections in June. He is expected to head the list of the French-speaking Reformist Movement in Belgium, part of the Renew group in the Parliament, creating controversy around his ability to combine his campaign and his remaining responsibilities in the Council. Michel’s move also accelerates a Belgian game of musical chairs, as having him head a gender-alternated list projected at two seats means current Belgian Commissioner Didier Reynders could only land the third spot to become…