EU Corporate Sustainability Law Faces Potential Rollback Amid Global Pushback

The European Parliament voted to potentially weaken the EU's corporate sustainability law following pushback from the U.S. and Qatar. Lawmakers will further discuss changes next month to negotiate final approvals by year-end.

The European Parliament has made a controversial move to reconsider the EU's corporate sustainability law, amid growing pressure from powerful international stakeholders such as the U.S. and Qatar.

Lawmakers in the EU will now engage in further deliberations as they work toward an agreement next month.

The ensuing negotiations between the Parliament and EU nations aim to finalize changes by the end of the year.

(With inputs from agencies.)