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illuminem summarises for you the essential news of the day. Read the full piece on Responsible Investor or enjoy below:
🗞️ Driving the news: Following Ursula von der Leyen’s State of the Union address, debate over the EU’s “Omnibus” regulatory package has revealed sharp divisions among pro-European forces in the European Parliament
• With a 13 October deadline approaching, it remains unclear whether the Parliament can hold a final vote in time, as key factions remain at odds over the proposals
🔭 The context: The “Omnibus” package aims to simplify elements of major EU sustainability laws, including the Taxonomy Regulation, Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD), and the Carbon Border Adjustment Mechanism (CBAM)
• While the Commission frames the proposals as necessary deregulation, critics warn they risk weakening environmental and social protections
• The debate reflects wider tensions between regulatory ambition and political appetite for simplification ahead of the 2024 EU elections
🌍 Why it matters for the planet: Diluting key sustainability frameworks could slow progress on corporate transparency, climate accountability, and environmental due diligence
• The outcome may set a precedent for whether EU deregulation undermines or refines green policy
• Timely and robust legislation is crucial to meeting the EU’s climate targets and maintaining credibility in global climate leadership
⏭️ What's next: The Parliament faces tight timelines to reconcile internal disagreements and organise a plenary vote before mid-October. If the deadline is missed, regulatory uncertainty could persist into 2026
• Environmental NGOs and civil society are stepping up pressure on MEPs and the Commission, with some filing complaints over the perceived lack of transparency in the drafting process
• Member States may also exert influence through the Council to steer the final outcome
💬 One quote: “Some MEPs think it unlikely that the Parliament will manage to have a vote by its 13 October deadline.”
📈 One stat: The European Parliament must vote on the Omnibus package by 13 October 2025 to meet its procedural commitments
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