EU’s Sustainability Reporting Overhaul Sparks Industry Alarm

EU’s Sustainability Reporting Overhaul Sparks Industry Alarm

The European Commission’s proposed Omnibus Simplification Package has sparked debate, aiming to streamline sustainability-related due diligence and reporting while limiting mandatory disclosure to the largest companies. The Commission assures that these changes won’t impede the EU’s decarbonization goals or net-zero transition. However, over 200 financial sector organizations… Source

In June 2024, the Federal Council took a big step with its decree on "the reporting obligations for the sustainability of companies" and wants to adapt the Swiss legal situation strongly to that of the EU.