Policy RoundUp - February 2025

So much can happen in a short month!

Significant uncertainty for sustainability reporting continues, with the EU Omnibus finally arriving and proposing a massive 80% reduction in CSRD scope (which would only apply to issuers with >1k employees, rather than >250, which takes the estimated number of companies caught down from around 50,000 to around 7,000!), and a two year reprieve for both ‘second wave’ (2026) and ‘third wave’ (2027) reporters, with ‘reasonable assurance’ kicked into the long grass. These measures are designed to better balance sustainability and competitiveness, and are accompanied by changes to the Due Diligence Directive (CS3D) and the EU Taxonomy.