Simplified Regulation Supports Sustainable Business 

Technology Industries of Finland supports the European Commission’s initiative to simplify and harmonise corporate sustainability reporting obligations. The current reporting requirements represent a burden for companies and their reduction would allow resources to be allocated to the development of sustainable business practices instead. Reforms should proceed consistently and swiftly, ensuring that the EU’s Green Deal goals or European competitiveness are not jeopardised. It is equally important that first movers are not disadvantaged by this revision. Simplification should be implemented in collaboration with companies. This position paper includes our views on Corporate Sustainability Reporting Directive (CSRD), EU Taxonomy Regulation, Carbon Border Adjustment Mechanism (CBAM), Corporate Sustainability Due Diligence Directive (CSDDD).