Plastic packaging waste - Image by Pete Linforth from Pixabay

The conclusion of interinstitutional negotiations on the first Omnibus package today, marks a major setback for the EU’s corporate sustainability framework, with a decision to weaken the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).

Greenhouse gas - Image by Karl Egger from Pixabay

The European Parliament and EU Council have reached a provisional agreement to introduce a binding intermediate climate target for 2040 of a 90% reduction in net greenhouse gas emissions compared to 1990 levels.