“Majority of Companies Not in Favor of Omnibus Proposals to Reduce CSRD Sustainability Reporting Requirements: Survey”

Most companies in Europe are not in favor of the European Commission’s “Omnibus” initiative to reduce the sustainability reporting requirements and the scope of companies covered under the EU’s Corporate Sustainability Reporting Directive (CSRD), with a majority reporting being satisfied with the CSRD in its current form, although supportive of some improvements, according to a new survey released by professional network #WeAreEurope.

For the survey, conducted in partnership with business school HEC Paris, #WeAreEurope collected responses from business leaders involved in CSRD implementation at more than 1,000 companies in 26 countries across Europe, encompassing a wide range of sectors and company sizes. 40% of executives surveyed held C-level positions in their companies…

When asked about the main strengths of the CSRD, 89% of respondents reported that the regulation improves ESG transparency for investors and other stakeholders, and 89% also said that it strengthens companies’ ESG strategy, risk assessment and impact management. Additionally, 88% said that the CSRD aligns with Europe’s economic, social, and environmental vision of companies…