The Fort Worth Press - EU plans to scrap anti-greenwashing rules after pushback

USD -
AED 3.672498
AFN 62.999725
ALL 80.627789
AMD 363.040076
ANG 1.790365
AOA 918.000247
ARS 1515.985797
AUD 1.423133
AWG 1.8
AZN 1.700325
BAM 1.71977
BBD 2.014306
BDT 123.289177
BGN 1.683441
BHD 0.377028
BIF 3012.807267
BMD 1
BND 1.279847
BOB 12.085376
BRL 5.1808
BSD 1.000119
BTN 95.910598
BWP 13.673072
BYN 3.044111
BYR 19600
BZD 2.011325
CAD 1.41167
CDF 2309.999921
CHF 0.827635
CLF 0.024456
CLP 965.659512
CNY 6.71135
CNH 6.71454
COP 3289.84
CRC 454.67135
CUC 1
CUP 26.5
CVE 96.957999
CZK 21.462899
DJF 178.083758
DKK 6.576255
DOP 59.432581
DZD 133.877131
EGP 51.778198
ERN 15
ETB 163.34979
EUR 0.879691
FJD 2.24975
FKP 0.754629
GBP 0.756395
GEL 2.615019
GGP 0.754629
GHS 11.590355
GIP 0.754629
GMD 73.99991
GNF 8795.817964
GTQ 7.637756
GYD 209.235666
HKD 7.84265
HNL 26.840946
HRK 6.628701
HTG 130.885334
HUF 322.105499
IDR 17964
ILS 3.04826
IMP 0.754629
INR 95.97815
IQD 1310.172301
IRR 1374575.000271
ISK 121.4101
JEP 0.754629
JMD 157.732063
JOD 0.708984
JPY 158.825499
KES 129.549778
KGS 87.449701
KHR 4068.37186
KMF 433.000167
KPW 900.000318
KRW 1367.720226
KWD 0.30889
KYD 0.833348
KZT 441.759759
LAK 22415.75627
LBP 89553.909393
LKR 330.087184
LRD 172.006612
LSL 16.429705
LTL 2.95274
LVL 0.60489
LYD 6.396131
MAD 9.575819
MDL 17.795832
MGA 4384.028981
MKD 54.094692
MMK 2099.566963
MNT 3597.939506
MOP 8.078394
MRU 40.034469
MUR 47.780009
MVR 15.450445
MWK 1734.061354
MXN 17.583803
MYR 4.085496
MZN 63.910102
NAD 16.429561
NGN 1326.07021
NIO 36.808252
NOK 9.49055
NPR 153.46825
NZD 1.763845
OMR 0.384504
PAB 1.000066
PEN 3.388188
PGK 4.455485
PHP 62.746027
PKR 277.092073
PLN 3.854265
PYG 5926.499101
QAR 3.6455
RON 4.643295
RSD 103.321041
RUB 85.042159
RWF 1479.504809
SAR 3.756357
SBD 8.000512
SCR 13.765264
SDG 601.496346
SEK 9.908605
SGD 1.27989
SHP 0.755002
SLE 24.649967
SLL 20969.491881
SOS 571.546649
SRD 37.822499
STD 20697.981008
STN 21.542912
SVC 8.750973
SYP 13002.000254
SZL 16.42566
THB 33.476502
TJS 9.215477
TMT 3.51
TND 2.958465
TOP 2.40776
TRY 48.8436
TTD 6.801985
TWD 31.795498
TZS 2645.003034
UAH 45.026248
UGX 3925.206526
UYU 40.068936
UZS 11810.999389
VES 852.43145
VND 25992
VUV 118.51472
WST 2.751818
XAF 577.03916
XAG 0.015725
XAU 0.000234
XCD 2.70255
XCG 1.802315
XDR 0.707052
XOF 577.03916
XPF 104.867465
YER 236.650243
ZAR 16.43624
ZMK 9001.20406
ZMW 19.450905
ZWL 321.999592
SSP 5712.591861
MXV 1.992755
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

EU plans to scrap anti-greenwashing rules after pushback
EU plans to scrap anti-greenwashing rules after pushback / Photo: © AFP/File

EU plans to scrap anti-greenwashing rules after pushback

The European Commission said Friday it intends to scrap new rules against greenwashing after they hit a roadblock in the final stretch from conservative lawmakers calling them too onerous for businesses.

Text size:

The "Green Claims Directive" would require companies to provide hard facts to back up claims that their products are carbon-neutral, biodegradable or "less polluting".

Businesses would need to submit evidence for environmental claims for approval by independent verifiers -- with fines and other penalties for failure to comply.

"In the current context, the commission intends to withdraw the Green Claims proposal," the EU executive's spokesperson on environmental matters, Maciej Berestecki, told reporters.

European lawmakers and the bloc's 27 member states agreed last year to move ahead with the directive, which was being finalised in three-way negotiations with the commission with a final meeting set for Monday.

But the centre-right European People's Party -- parliament's biggest force, which is now pushing to roll back parts of the EU's green agenda -- was not satisfied with the text, and asked this week for the commission to withdraw it.

Berestecki said the EU's executive arm decided to do just that, because the "current discussions around the proposal" went against its "simplification agenda".

Currently 30 million micro-enterprises -- or 96 percent of all firms -- would be covered by the text, something the commission did not like, Berestecki explained.

EU chief Ursula von der Leyen, who hails from the EPP, has pledged to make life easier for businesses in a bid to re-launch the European economy.

Danuse Nerudova, the EPP's negotiator on the file, welcomed the commission's move, describing the proposal as "overly complex" and lacking an impact assessment to show its benefits would outweigh the burdens on businesses.

"We need regulation that is clear, proportionate, and grounded in evidence," she said in a statement to AFP. "Less bureaucracy and more competitiveness -- that's what we promised to citizens."

But fellow lawmaker Sandro Gozi, of the centrist Renew group, called the decision "shameful".

"It is unacceptable that the EPP, in tandem with the far-right, is trying to undermine a fundamental piece of legislation to protect European citizens from corporate environmental fraud," he said.

Since last year's elections saw the EU parliament shift right, the bloc has embarked on a drive to cut red tape seen as hindering economic growth -- including key parts of the environmental "Green Deal" of von der Leyen's first term.

Most strikingly, a hard-fought law requiring companies to ensure their global supply chains are free of ethical and environmental abuses has had its rollout pushed back to 2028 -- and its future is in doubt.

The green claims bill was one of several EU initiatives clamping down on greenwashing, with a separate law adopted last year that banned broad, generic claims such as labelling products "eco-friendly" or "natural".

D.Ford--TFWP