The regulatory proposals presented by the European Commission aim to semplificare gli oneri informativi e di due diligence for enterprises in the field of sustainabilityintroducing more proportionality and gradualness of rules. Questo approccio, ispirato anche alle indicazioni del Rapporto Draghi e frutto di un confronto con gli stakeholder (tra cui Confindustria), è positivo e costituisce un primo passo verso un cambio di rotta della Commissione sui temi della sostenibilità e una greater attention to aspects that risk limiting the competitiveness of companies.

L’azione di semplificazione avviata è certamente utile, ma soprattutto per l’impianto della due diligence, deve essere ulteriormente perseguita.

Permangono, inoltre, alcune criticalityin particular remain the complexity of the 'Do not significant harm' (DNSH) principlerequirement for access to incentives and financial facilities financed from European resources, and lacks a coordination with financial regulation (which also imposes ESG obligations on banks with regard to small companies). Without a revision of these rules, regulatory simplification risks remaining on paper and displacing transition finance for companies.

Positive is the launch of the Call for Evidence on SFDRbut a broader intervention is also needed on the banking regulations. Finally, the changes to the CBAM Regulation must be strengthened, as they do not address structural criticalities such as the absence of export compensation.