”On November 8, 2024, the EC President Ursula von der Leyen announced that existing and upcoming EU ESG reporting requirements will be integrated into an omnibus regulation. An omnibus is a regulatory measure or set of rules that encompasses a broad range of issues or topics within a single document or framework. The EC’s goal with this approach is to streamline the growing number of requirements faced by companies, ensure consistency across related areas, and simplify processes for both regulators and those being regulated. In this overview, we will examine the three existing regulations likely to be unified under the forthcoming omnibus: the EU Taxonomy Regulation, the Corporate Sustainability Reporting Directive (CSRD), and the Corporate Sustainability Due Diligence Directive (CSDDD). Our objective is to clarify the purpose of each regulation, explore each regulation’s flaws and discuss how the upcoming omnibus might overcome these flaws and streamline the three regulations.”
Morten W. Langer
