Strategic Focus: Unpacking The EU Omnibus And Its Impact On Sustainability Software
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Executive Summary
The EU’s Corporate Sustainability Reporting Directive (CSRD) came into effect in January 2023; in the two years since, it has dominated the ESG and sustainability reporting landscape. Despite being a European regulation, the CSRD has had ripple effects globally, due to its extraterritoriality requirements, as well as its value chain impacts. However, the evolving global economic and political situation has brought new challenges and pressures, which have called into question the future of European sustainability regulations, at least in their current form. In this report, we examine the European Commission’s Omnibus Simplification Package, which calls for far-reaching simplification in the fields of sustainability reporting, sustainability due diligence and taxonomy reporting. We also examine the potential impacts on the sustainability and carbon management software markets.
Table of contents
The EU’s Omnibus proposal will reshape the sustainability software marketThe EU’s Omnibus proposal simplifies and streamlines sustainability reporting
The Omnibus proposal will reduce the urgency – but not the value – of investing in sustainability software
Table of figures
Figure 1. The European sustainability regulation ecosystemFigure 2. Key proposals in the EU’s Omnibus Simplification Package
Figure 3. Definitions and key capabilities across sustainability software categories
Figure 4. The ordinary European legislative process and timeline
Figure 5. The impact of the Omnibus proposal on the sustainability software market
Organisations mentioned
Council of the EU, European Central Bank (ECB), European Commission, European Parliament , LinkedInAbout the authors
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