EU unveils details of Omnibus simplification for sustainability reporting
"The Competitiveness Compass transforms the excellent recommendations of the Draghi report into a roadmap."
The first legislative packages to simplify sustainability reporting will be issued next month, with a focus on the EU taxonomy, sustainability due diligence and the carbon border adjustment mechanism.
In its Competitiveness Compass, a draft of which was leaked earlier this week, the European Commission says the first Omnibus will aim to ensure better alignment with the needs of investors, and that smaller companies along the supply chain donât inadvertently get subjected to âexcessive reporting requestsâ.
