February 12, 2025 12:47 GMT
EMISSIONS: Siemens CEO Urges To Simplify Environmental Reporting Requirements
EMISSIONS
Siemens’ CEO is urging the EU to significantly simplify the bloc’s environmental regulations in order to boost the competitiveness of European firms, Siemens CEO Christian Bruch told the FT.
- “Just making cosmetic changes to regulations will not move us one inch closer to becoming more competitive,” Bruch said.
- Bruch targeted the EU’s Corporate Sustainability Reporting Directive that requires firms to detail their environmental and social impact.
- The EC is planning to review the reporting requirements amid increasing criticism.
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