The European Commission is proposing significant changes to its corporate sustainability regulations, including the Corporate Sustainability Due Diligence Directive (CS3D), which mandates measures to prevent human rights violations and environmental degradation across supply chains. A draft of the proposal indicates plans to reduce the scope of companies subject to these rules by raising thresholds to 1,000 employees and €450 million in turnover. The proposed changes would also limit due diligence requirements to direct business partners and subsidiaries, excluding subcontractors and suppliers further down the supply chain. Additionally, sector-specific reporting standards planned for 2025 may be delayed or scrapped entirely. Simplifications to the Corporate Sustainability Reporting Directive (CSRD) are also included in the proposal. French banks, represented by the French Banking Federation (FBF), have strongly criticized the directive, calling it an 'inefficient and disproportionate' administrative burden. They also oppose the legal liabilities and potential sanctions of up to 5% of global turnover for non-compliance. The FBF has also raised concerns about the Green Asset Ratio and other reporting requirements.