As U.S. companies continue to navigate an uncertain global business climate, those operating in or selling to the European Union (EU) are faced with additional challenges stemming from the European Commission’s recent adoption of the Omnibus proposals.
These proposals aim to streamline rules with respect to the Corporate Sustainability Reporting Directive (CSRD), EU taxonomy, Corporate Sustainability Due Diligence Directive (CSDDD), and the Carbon Border Adjustment Mechanism (CBAM), with the objective of contributing to a 25% reduction in administrative burdens. While the Omnibus proposals undergo a lengthy and uncertain legislative process, organizations can strive to understand potential changes and corresponding organizational impacts to aid in their approach to human rights and environmental due diligence.
Download the Forvis Mazars Group guide, “Deep dive into the first Omnibus on sustainability: Focus on proposed changes to the CSDDD,” to learn how the Omnibus proposals might impact the sustainability due diligence regulations. If you have any questions or need assistance, please reach out to a professional at Forvis Mazars.