According to a document released on 17 April, the Polish Presidency of the Council of the EU has already reached a compromise on the second part of the omnibus package concerning substantive changes to the corporate sustainability reporting and due diligence directives. It will also have to be adopted by the Parliament in order to be fully agreed and adopted before the end of the year.
Following the postponement of the implementation of the directives, the co-legislators are now tackling the reduction of sustainability standards. On the CSRD, member states want to allow companies with fewer than 1,000 employees to be exempted from sustainability reporting. In addition to the postponement for companies in waves two and three, the amendment would exclude certain companies that are subject to the obligation this year (more than 500 employees and €40 million in turnover).
On the C
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Article authors
Antoine Piel
Section Head at Mind HR