G&A Issue Brief: Moving Forward: Staying Ahead of the EU Omnibus Proposal on Sustainability Reporting

G&A has published a new issue brief: Moving Forward: Staying Ahead of the EU Omnibus Proposal on Sustainability Reporting. This is an except from our issue brief:

The European Commission’s proposed Omnibus package aims to simplify requirements for corporate sustainability reporting. Where does that leave your reporting strategy?

The past few years have seen enormous growth in corporate sustainability reporting with an array of mandatory requirements and voluntary reporting standards emerging in quick succession. The implications crossed borders as policymakers grappled with the need to address global problems like climate change and ecosystem destruction while ensuring economic policies promoted a financially competitive business sector. Pursuing both at once would advance thriving and equitable societies.

The latest tilt in this balancing act is towards business growth and competition, and a new proposal has emerged from the European Commission that seeks to simplify and lighten the sustainability reporting burden for companies. The proposed Omnibus package released on February 26, 2025 pares back the expansive requirements of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).

Many U.S. companies doing business in the EU had pivoted their sustainability reporting strategies to accommodate the mandated disclosures for non-EU based companies meeting certain thresholds of the CSRD and CSDDD. Should those companies pivot again?

If G&A could give companies one piece of advice during this tumultuous time, it would be this from G&A’s CEO and Co-Founder, Louis Coppola:

“Let’s get back to business!  Sustainability has always been a business imperative because it is good for business—not merely due to regulations, but because it provides essential tools to mitigate risks and maximize opportunities. Over more than the last two decades companies have built out their sustainability programs and made sustainability reporting a business norm for reasons that had little to do with regulations.  These strategies thrive through a structured approach to Environmental, Social, and Governance issues, which the CSRD and ESRS provide. Ignoring this not only creates a competitive disadvantage but also leaves companies navigating a landscape filled with tangible risks without a clear direction. The necessity for investors, employees, customers and other stakeholders to access information on how a company manages its risks and maximizes its opportunities for success remains unchanged.”

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