EU: omnibus bill stalls in parliament

On 22 October, members of the European Parliament narrowly voted against a negotiating mandate that would have opened trilogue talks on the omnibus directive, which seeks to dilute the corporate sustainability reporting and due diligence directives (CSRD and CSDDD). This came as a surprise, as the text had been widely adopted the previous week by the parliament’s Committee on Legal Affairs, following a ‘deal’ between the conservative group (EPP) and the social democrats (S&D). The vote,...