Negotiators in the European Parliament and member states have reached a provisional agreement to update rules on sustainability reporting and due diligence requirements for companies. Large corporations with specific criteria will need to report on their sustainability practices and conduct due diligence on their negative impacts. The agreement aims to simplify reporting requirements and reduce administrative burdens for businesses while ensuring accountability and compliance. The proposed rules will be voted on in December, with a focus on enhancing competitiveness and promoting sustainability in Europe.