Minister of Industry and Commerce Morten Bødskov (S) will participate in a meeting in Brussels on Wednesday, where he will work to reduce the burdens from the EU's CSRD requirements. Denmark wants to ensure that the rules support the green transition, while saving Danish companies at least six billion kroner in administrative costs. The Ministry of Industry and Commerce states this in a statement.
According to the minister, the CSRD requirements, which deal with sustainability reporting, have developed into an unnecessary administrative burden that is hindering investments and jobs within the green transition. One of the key measures is to reduce the number of companies covered by the rules and simplify the reporting process.
- The EU's CSRD requirements are hindering the green transition. The goal is right. We must have more green jobs. The funds have developed into a bureaucratic monster that costs the business community billions every year. It won't work. It is hindering the green transition, and we are losing green investments and jobs. That is why things need to be cleaned up. What companies have to report must be much simpler and easier to handle. Now we must press the pause button for the extensive CSRD project, so that we have time to clear up the rules and ensure that it actually promotes the green transition. The EU Commission's proposal is a good starting point, says Morten Bødskov.
On the agenda for the meeting is the EU Commission's so-called omnibus proposal, which is to cut bureaucratic burdens in connection with sustainability reporting. Denmark wants reports to be digitalized, simplified and automated to ensure that Europe maintains its competitiveness and pace in the green transition.
- The proposal lacks focus on making reports easier to handle and making them simple and digital. Following the Danish example, we will work for this. Because less green hassle and bureaucracy equals more pace of green transition and green competitiveness, says Morten Bødskov.
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