EU Commission’s proposed changes to sustainability reporting: Simplification or setback for accountability?

The EU Commission’s recent proposal to revamp sustainability reporting regulations has sparked significant debate.

While large multinationals will still be required to report, the proposed Omnibus measures raise the Corporate Sustainability Reporting Directive (CSRD) thresholds to companies with over 1,000 employees and €50m in turnover, effectively exempting many SMEs from mandatory disclosures.