MEPs have supported simplification changes in sustainability reporting and due diligence obligations, backing reduced duties for large companies. Reporting will be required only for larger businesses, with fewer qualitative details needed. Due diligence would apply to very large corporations and entail a risk-based approach. A digital portal will provide free access to reporting templates and guidelines. Simplified rules aim to cut costs, support growth, and create jobs. Negotiations with EU governments will begin with the goal of finalizing legislation by the end of 2025.