The EU omnibus sustainability reporting regulation is “a massive step backwards” on its work around sustainability reporting, a leading sustainability policy analyst has told Green Central banking and Climate & Capital Media in their new podcast series.
“This is reactive to certain changes in the global economy that they think potentially will have short-term benefits, but actually will just set us backwards,” Richard Gardiner, public policy lead at the World Benchmarking Alliance, said during an interview for the new Sustainability Omnibus Podcast.
The EU sustainability omnibus proposal drastically waters down the corporate sustainability reporting directive (CSRD), corporate sustainability due diligence directive (CSDDD) and EU taxonomy. These sustainability reporting rules were designed to make reporting and mitigating climate change risks more mainstream. Experts are concerned the changes could lead to a decrease in transparency and hinder the bloc’s efforts to transition to a green economy.
This is the first in a series of The Sustainability Omnibus Podcast by Green Central Banking and Climate & Capital Media. Listen now:
Subscribe to the Sustainability Omnibus Podcast on Apple, Spotify or anywhere else you listen to podcasts.
