The European Commission’s Omnibus Package marks a significant step in simplifying the EU’s climate governance by refining ESG reporting requirements under the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). With reduced disclosure requirements, scaled-down reporting scope and greater exemption on smaller companies from mandatory submissions, the package seeks to streamline rules on sustainable finance reporting, sustainability due diligence and taxonomy while ensuring European firms’ global competitiveness and EU's leadership in climate regulation.
But what does this mean for companies within and beyond the EU? How will financial institutions, corporates, and SMEs adapt to the purportedly simpler, more predictable but less comprehensive regulatory framework? What are the global repercussions for businesses outside Europe that interact with the European stakeholders? And how should firms leverage reporting solutions and comparable data to stay ahead of regulatory expectations while driving real impact?
This panel brings together policymakers, financial leaders, corporate sustainability champions, tech innovators, and standard-setting bodies to unpack the implications of the Omnibus Package. Discussions will cover compliance challenges, opportunities for establishing Europe’s competitive advantage, and the broader role of sustainability reporting in shaping a more resilient, accountable, and sustainable global economy.