Omnibus Simplification Package: The Regulatory Shake-Up That No Business Can Ignore
On 26 February, the European Commission announced a new Omnibus Simplification package, proposing simplifications to the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CS3D) and the EU Taxonomy. What should companies expected to comply with CSRD and CS3D do now?
Dan Dionisie from the European Commission's Directorate-General for Justice and Consumers (DG JUST) will provide context on the current state of the CS3D in light of the EU’s simplification and competitiveness agenda. Fredré Ferreira, Governance Lead at the European Financial Reporting Advisory Group (EFRAG) will offer insights on the merits of sustainability reporting and the potential impact of the simplification agenda.