The Labour Party said in a statement on Thursday that its MEPs had Parliament voted in favour of the stop the clock Commission proposal as regards the dates from which Member States are to apply certain requirements related to corporate sustainability reporting and due diligence.

This will ensure stability and predictability for citizens and businesses, the PL said after the European Parliament vote.

The party said that furthermore, it is also encouraging that the pro-European majority in Parliament will be working jointly on the Omnibus package. "The commitment to deliver results for the common good of our citizens, businesses and planet is crucial."

"We will now be working as a Maltese Labour Delegation towards an EP balanced approach aimed at simplification that protects our citizens and our SMEs, and one that takes into consideration the specificities of the countries, while simultaneously maintaining the high-level EU standards that we are all accustomed to," the PL said.