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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: Negotiations on Europe’s proposed sustainability “Omnibus” package have stalled ahead of a pivotal parliamentary vote
• The lead Parliament negotiator has presented two alternative versions of the deal, and claims one of them holds majority support — though no formal agreement has been reached
🔭 The context: The “Omnibus” package seeks to reconcile and simplify multiple sustainability and corporate reporting directives, including the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD)
• Key sticking points include the boundaries of which entities are covered, the strength of climate transition plan requirements, and civil liability provisions
🌍 Why it matters for the planet: This Omnibus law shapes the regulatory foundation for corporate climate accountability in the EU
• A weaker version could reduce transparency and reporting obligations, diminishing the ability of investors, regulators, and civil society to scrutinize sustainability performance
• Conversely, a more robust version could reinforce corporate alignment with climate goals
• The stakes are high for the EU’s credibility as a regulatory leader on sustainability
⏭️ What’s next: Parliament is expected to vote soon on one of the two proposed versions. If a clear majority coalesces behind one, the package could move forward
• Otherwise, delays or last‑minute compromises remain likely
• Member states and Commission officials may intervene to steer the outcome, especially as pressure builds from industry, investors, and civil society
💬 One quote: “Lead Parliament negotiator has proposed two options, one of which he says has majority backing”
📈 One stat: Under some proposals, sustainability reporting obligations would be narrowed to cover just ~20 % of market participants, with the remainder reporting voluntarily — a scale-back that many warn could fragment disclosure consistency
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