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.The 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
Figure 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
About the Authors
Lily Turnbull
Senior Analyst
Lily is a Senior Analyst at Verdantix, where she delivers in-depth research to help executives navigate ESG, sustainability and product innovation, and make confident decision...
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Isobel McPartlin
Analyst
Isobel is an Analyst at Verdantix, where she supports corporate decision-makers in navigating the energy transition through research on emerging energy solutions and net zero ...
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a...
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Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...
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