AFME welcomes the adoption today by the legal affairs (JURI) Committee of the European Parliament of its position
on the Sustainability Omnibus proposal amending the Corporate Sustainability Reporting Directive (CSRD) and
Corporate Sustainability Due Diligence Directive (CSDDD).
Oliver Moullin, Managing Director for Sustainable Finance at AFME, commented: "This is a significant step toward
simplifying sustainability reporting and due diligence requirements across Europe. Simplification is essential to ensure
that companies can effectively implement sustainability obligations without unnecessary complexity, reducing
compliance costs while maintaining high-quality reporting. As the proposal moves to Plenary and the start of trilogues,
it’s crucial that co-legislators stay focused on practical simplification, particularly in areas such as transition plans.
Clear, workable rules will support the mobilisation of finance for the transition while minimising regulatory burdens."
Background
• The European Commission adopted the Omnibus I proposal on 26 February to simplify CSRD and CSDDD.
• The Council of the EU adopted its position in June 2025.
• The European Parliament position is subject to formal adoption in plenary, expected later this month.
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