'A blow to the EU’s human rights leadership': CSRD Omnibus faces major backlash from campaigners
27 feb. 2025
11:28
The EU’s proposal to slash red tape by watering down sustainability reporting requirements for a majority of companies is meeting with major backlash from environmental and human rights campaigners.
While some business organisations say the new “simplification Omnibus” targeting CSRD and CSDDD requirements is sorely needed, a number of critics reacted with anger and disappointment at what they fear will undo years of sustainability progress.
Impact Loop did a roundup of some of the notable comments and opinions.
While some business organisations say the new “simplification Omnibus” targeting CSRD and CSDDD requirements is sorely needed, a number of critics reacted with anger and disappointment at what they fear will undo years of sustainability progress.
Impact Loop did a roundup of some of the notable comments and opinions.
European companies have long cried out for a simpler framework for sustainability reporting, and the EU has now presented its answer: a new Omnibus that eliminates CSRD requirements completely for a majority of companies.
The proposal also waters down the requirements for the corporate sustainability due diligence directive (CSDDD), which is meant to hold companies accountable for human rights violations in their supply chains.