Omnibus: double materiality and taxonomy safe

Omnibus: double materiality and taxonomy safe

Maria Albuquerque, commissioner for Financial Services and the Savings and Investments Union, says the EU Commission is trying to find ‘the right balance’

Letter to Mr Stéphane SÉJOURNÉ, Executive Vice-President for Prosperity and Industrial Strategy. - (FR) On 24 February 2025, Subject: Alert by French civil society organisations on the proposal for legislation known as "Omnibus" Mr Executive Vice-President, Our environmental and human rights organisations and associations, have heard in the media about the proposal for legislation known as "Omnibus" which the European Commission intends to prese…

The European Commission is about to present an omnibus law aimed at "simplifying" the Green Deal. Behind this euphemism, a step backwards is looming, particularly on the CSRD and the CSDDD. Why are these texts targeted? What are the most threatened aspects? What will be the consequences? We spoke about it with Saskia Bricmont, Belgian MEP, member of the Green Group, who denounces a dangerous "backlash" for Europe and its industry. BECOME A MEMBE…

Leaked EU Omnibus Proposal: Is Sustainability at Risk?

A leaked draft of the European Commission’s omnibus regulation package proposal shows significant cuts to sustainability reporting requirements

EU sustainability reporting laws may scrap double materiality

Save Campaigners are braced this week for significant changes to EU non-financial reporting rules as Brussels prepares to release details of the “omnibus” legislation that could transform sustainability reporting rules. There is speculation that the EU could scrap the “double materiality” principles that lie at the heart of the Corporate Sustainability Reporting Directive (CSRD), a concept that asks companies to report not only the impact of cli…