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EU moves forward on carbon credits within climate targets

The European Parliament and EU Member States have agreed to allow countries to use Article 6 credits to meet 2040 emission reduction targets.

Correction: Review clause for extending CSDDD to financial institutions' investments ditched in Omnibus

A clause which would have required a review of EU due diligence rules to also cover financial institutions has been ditched as part of the Omnibus package to simplify regulation.

Transition plan implementation axed as EU politicians hammer out Omnibus agreement

EU politicians have agreed to delete a clause requiring companies to say how they are implementing climate transition plans, despite warnings from investors that this information is crucial for holding companies to account, as the long-running Omnibus saga nears a conclusion.

EU parliamentarians fail to block defence investment changes to sustainability rules

Failure to agree common position in EU Parliament forces Omnibus delay

European Parliament votes to weaken transition plan rules, reduce scope of CSDDD

Members of European Parliament (MEPs) agreed to weaken rules requiring companies to implement climate transition plans and to reduce the number of companies required to conduct sustainability due diligence, after a key vote on the EU's omnibus package.

Compromise sets up EU vote on future of CSRD, CSDDD rules

Transition plan clause among key EU rules at risk as Omnibus political rifts deepen

A clause requiring companies to implement climate transition plans is one of several key clauses in EU rules at threat of being scrapped because of a deepening political rift, after lawmakers failed to reach agreement in European Parliament.

Danger of CSDDD repeal is real, says key architect of NFRD

The prospect of a full repeal of the EU Corporate Sustainability Due Diligence Directive (CSDDD) is real, a key architect of the bloc's foundational sustainability reporting rules has warned.

Key MEP proposes raising CSRD threshold to exclude more mid-sized firms