'480 organisations are calling on EU policymakers to preserve the core of the EU sustainable finance framework'

Rules on sustainability reporting, transition plans, climate targets and corporate due diligence are a key foundation for achieving the EU’s economic and sustainability goals, and improving their implementation is a priority.

In the context of the Omnibus I simplification initiative, we call attention to the investors, companies, banks and other financial institutions across our economy that support preserving the core elements of the Corporate Sustainability Reporting Directive (CSRD) underpinned by the European Sustainability Reporting Standards (ESRS), and of the Corporate Sustainability Due Diligence Directive (CSDDD). These rules are essential for achieving the EU’s wider sustainability, growth and competitiveness ambitions. They contribute to reorienting investment towards the technologies and sectors that support the goals of the Clean Industrial Deal and can reinforce harmonisation efforts for EU capital markets, as set out in the Savings and Investment Union. The signatories of this statement consider that regulatory simplification can be achieved without compromising on the substance of sustainability rules or their significant benefits for businesses across the EU.

Signatories include:

• 134 investors (such as Allianz SE, Nordea AM, Union Investment, Federated Hermes, Robeco, Mirova, LBPAM and P&V Verzekeringen),
• 88 real-economy companies (such as Ingka Group (IKEA), ALDI SOUTH, EDF, Decathlon, Nokia, H&M, ACCIONA, Vattenfall, SEBN SE Group, S Group and Nestlé),
• and 92 other organisations (such as Accountancy Europe, the Dutch Federation of Pension Funds, amfori and B Lab).

[More signatory quotes available via the "Read more" button above]

Anke Ehlers, Managing Director for International Sustainability at ALDI SOUTH GROUP: "The ALDI SOUTH Group supports strong and harmonized EU sustainability rules, which is why it is vital that the core of the CSRD and CSDDD is preserved. Sustainability rules are not red tape. They are the foundation for long-term competitiveness and for the transition to a sustainable, thriving economy. Shared standards create trust, give customers and investors confidence, and ensure that businesses compete on a level playing field."

Stefan Dierks, Director Sustainability Strategy at Melitta Group Management GmbH & Co. KG: "The protection of climate, biodiversity and human rights is a precondition of successful business in global value chains. Therefore, an EU-wide harmonized and easy to apply regulation fosters the competitiveness of European economics in a global landscape with increasingly strict legal requirements."

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Please note that the deadline for signing this statement was Friday 29th August. However, should your organisation be interested in appearing as a signatory, you can reach out bilaterally ([email protected] and [email protected])

See also: Reuters coverage (via Yahoo Finance) of pre-launch on 1 July 2025