Don’t throw it under the Omnibus: The EU needs to make sustainability reporting more effective

The Sustainability Omnibus marks the first in a series of European Commission initiatives aimed at simplifying EU regulation and significantly cutting red tape for businesses. Given inconsistencies, overlaps, and complexities in the existing framework, streamlining sustainable finance rules can enhance their effectiveness in supporting a transparent and sustainable economy. However, the sweeping changes proposed by the Commission are unlikely to ease administrative burdens meaningfully. Instead, they risk hampering green investment and weakening measures to manage climate-related risks. To ensure that a streamlined set of rules delivers real added value for European competitiveness, climate action and financial stability, this Policy Brief calls on EU co-legislators to make targeted adjustments that preserve the integrity of the sustainable finance framework and tighten enforcement.

_{Photo: CC Michael Marais, Source: Unsplash}