CSDDD

Member states will be asked to approve the proposal in a meeting next week.

The latest developments in sustainable finance: Basel Committee publishes voluntary climate risk disclosure framework for banks; UK relaunches Nature Impact Fund.

Omnibus lead negotiator confirms plans to water down CSRD, CSDDD scope; Council of the EU aiming to reach negotiating position before end of Polish presidency.

EU executive says process was ‘accelerated’ in response to stakeholder concerns on ‘complexity and implementation cost’.

Latest from Brussels: EU Ombudsman opens Omnibus inquiry; Council Presidency suggests way forward on Omnibus; 11 member states call for further simplification to EUDR.

Leaked draft proposal suggests three-year exemption for disclosures, while member states discuss swift end to reporting for firms with 501-1,000 employees.

Leaked draft opinion also suggests watering down the scope of CSRD, CSDDD to companies with 3,000 staff.

Mark Branson takes aim at risk management and reporting burden as chancellor Merz calls for 'complete repeal' of CSDDD.

Central bank weighs in on Omnibus proposals, calls for simplified standards for firms with 500+ employees.

Discussions and disagreements mostly focus on CSDDD, but CSRD scope also under scrutiny.