"Omnibus: Analysis of positions from certain ministries and authorities in France and Germany," 5 February 2025

The EU Commission is set to unveil the Omnibus package on 26 February, announcing possible changes to the CSRD, CSDDD and Taxonomy...

The CSRD leads to smart ESG data management and digital solutions to increase efficiency, innovation and long-term business success. Slashing the corporate sustainability and ESG framework in the Digital Age is not a sound policy based on clear judgement of what are the European priorities for competitiveness... CSRD’s reporting standards (ESRS) have to be robust to ensure comparability and quality needed for reporting by publicly listed companies. The standards must be revised on the basis of companies first reporting exercise, while expectations for small mid-caps can be also most effectively clarified directly through the standards and guidance. The European Commission has and should use the options to support business and make the implementation and audit much easier and gradual.

Frank Bold provides below an analysis of specific proposals put on the table by certain parts of the German and French governments and assesses their consequences...