Our recent Client Alert outlines how recent amendments approved by the European Parliament will substantially reduce the scope of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), and are expected to exempt a significant proportion of companies that are currently in scope. Companies that were previously in-scope of these regulations, including U.S. companies doing business in the European Union, should assess whether they remain in scope, and, if so, what changes are required to their compliance preparations and timelines.