The Omnibus 1 agreement has finally been signed off – but what happens next?
In this last episode before the Christmas break, Frank Bold’s Senior Policy Officer Julia Otten and Andreas Rasche, Assistant Dean and Professor of Business in Society at Copenhagen Business School, return to the Frankly Speaking podcast, hosted by Richard Howitt, to give their final verdict on what the Omnibus 1 means for the effectiveness of sustainability legislation in the EU.
Together they discussed to what extent the final Omnibus package provides certainty to businesses and broke down the key changes to the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD). You’ll also hear more about:
How the Omnibus 1 changes may impact businesses in the future – including the risk of facing heavier burdens due to less available information
The significance of the Ombuswoman’s finding of malpractice by the European Commission during this Omnibus 1 process, especially for future simplification packages
The role of the far-right in pushing through the final Omnibus 1 text, and why companies have an obligation to speak out
Whether historians writing on this period may still regard this era of simplification as a step forward, not a step back
Julia and Andreas’s advice to companies on what they should do now the final Omnibus 1 package has been concluded