EU countries gave their final approval to scale back rules that require companies to address environmental and human ⁠rights risks in their supply chains. Under the changes, the EU will limit its corporate sustainability due diligence directive (CSDDD) to only the largest EU corporations - those with more than 5,000 employees and €1.5bn ($1.8bn) annual turnover. The same rules will cover foreign companies whose EU ⁠turnover exceeds that amount. They could face fines of up to 3% of net global turnover for breaching the rules. The EU also delayed the deadline to comply with CSDDD to mid-2029 - versus mid-2027 previously for larger companies- and dropped a requirement for companies to adopt climate change transition plans. The changes also cover the EU's corporate sustainability reporting directive, which requires companies to disclose their environmental ⁠and social impact to make this more transparent to investors and consumers. The EU agreed that such reporting will cover only companies with more than 1,000 employees and €450mn annual net turnover - plus non-EU firms with this turnover inside the bloc - versus companies with more than 250 employees now.