The EU’s law-making institutions have moved with impressive speed to approve a key element of the European Commission’s (“Commission”) Omnibus Proposal, which postpones the application of the Corporate Sustainability Reporting Directive (“CSRD”) by two years.
Following through on commitments outlined in the EU’s Competitiveness Compass relating to the Commission’s aim to reduce drastically the regulatory and administrative burden, the Omnibus Proposal significantly reduces the scope of the CSRD and aims to simplify sustainability reporting. Read More>