Omnibus uncertainty to continue as European Parliament rejects proposal
“The outcome gives us another chance to improve the text and make sure our sustainability and due diligence rules actually matter."
Members of the European Parliament rejected the Omnibus proposal to lower the scope of the EU’s sustainability regulations in a secret vote this Wednesday (October 22).
MEPs had found some consensus earlier this month on a series of proposed amendments to the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD). But in a surprise move today, they narrowly rejected this latest draft with 318 votes against and 309 votes in favour of the Omnibus proposal.