EU Parliament Appoints Leaders To Negotiate Sustainability Reporting Reduction
- The European Council adopted a 'stop-the-clock' proposal to delay CSRD and CSDDD reporting timelines until 2028.
- The European Commission proposed the delay and other changes to simplify corporate sustainability reporting requirements.
- The simplification package includes raising the employee threshold for CSRD in-scope companies to 1,000 and revising reporting standards.
- The European Parliament approved the urgent procedure on April 1, 2025, and will vote on the stop-the-clock proposal on April 3, 2025.
- The delay and simplification efforts aim to cut red tape, but some experts warn it could create uncertainty and hinder sustainability efforts.
14 Articles
14 Articles
How will the EU’s Omnibus package impact ESG reporting?
The Omnibus Simplification Package, proposed in February 2025, is a recent proposal by the European Commission that seeks to streamline and reduce reporting obligations related to sustainability for companies within the EU. While the package aims to boost competitiveness by alleviating bureaucratic pressures, some critics have expressed concerns that it may undermine progress in corporate accountability and sustainability efforts. Annemarie McCu…
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