The European Parliament’s Committee on Legal Affairs has requested a timely review of the European Commission’s legislative proposal for an Omnibus Directive, which seeks to address burdensome and overlapping reporting requirements in three EU laws: the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), and the EU Taxonomy Regulation. These three laws comprise the main elements of the EU’s sustainability reporting and due diligence framework. The problem is real. A new ECB study found that not only are these laws burdensome in terms of environmental reporting, but they also constitute a serious impediment to sustainability investments.
This study of Reporting Obligations was commissioned by the European Parliament’s Policy Department for Justice, Civil Liberties and Institutional Affairs at the request of the JURI Committee.
