The European Parliament is simplifying sustainability reporting and due diligence rules for companies to enhance competitiveness and reduce administrative burdens. MEPs aim to streamline reporting requirements, decrease the number of companies affected, and lower due diligence obligations. The press conference with President Roberta Metsola and rapporteur Jörgen Warborn will outline Parliament's position for upcoming negotiations with EU member states. The event will be live-streamed and available for on-demand viewing. The initiative seeks to modernize regulations to support business growth while ensuring environmental and social responsibility.