The European Commission plans to consolidate key ESG reporting directives into a single legal framework by 2025, reducing redundancy and simplifying compliance for businesses. This proposal, announced by European Commission President Ursula von der Leyen on November 8, 2024, will combine the Corporate Sustainability Reporting Directive (CSRD), EU Taxonomy Regulation, and Corporate Sustainability Due Diligence Directive (CSDDD) into an omnibus law. 

This move aligns with the Budapest Declaration, which outlines a commitment to streamline regulations by reducing reporting requirements by at least 25%. The proposed consolidation seeks to address overlapping or incoherent requirements while retaining the core objectives of the existing ESG legislation. 

For businesses, this development promises a more efficient approach to ESG compliance. The proposed framework aims to reduce administrative burdens by focusing on key data points that demonstrate compliance, enabling a simplified data submission process. While companies currently comply with CSRD, Taxonomy Regulation, and prepare for CSDDD, the consolidated framework could ease the regulatory load while maintaining compliance standards. 

Despite these benefits, the process presents challenges. Aligning multiple directives requires a comprehensive review to ensure cohesion across frameworks without compromising sustainability goals. Additionally, debates among EU lawmakers could influence timelines, as the proposal must pass through the Council of the EU and Parliament. 

For organizations, this is a critical moment to adopt a holistic ESG strategy capable of adapting to evolving regulations. Investments in technology, data management, and sustainable practices will remain essential to meet existing and future reporting obligations. 

The European Commission’s initiative reflects its commitment to fostering sustainability while maintaining competitiveness in the global economy. By focusing on efficiency, the proposed framework underscores the EU’s dedication to a カーボンニュートラル戦略 and streamlined ESG compliance. 

情報源 

https://www.eversheds-sutherland.com/en/united-states/insights/eu-proposal-to-consolidate-esg-reporting-requirements 

https://www.eversheds-sutherland.com/en/global/insights/eu-proposal-to-consolidate-esg-reporting-requirements 

https://www.lw.com/en/insights/eu-commission-suggests-potential-consolidation-of-esg-reporting-frameworks-in-2025 

https://www.skadden.com/insights/publications/2024/11/eu-seeks-to-simplify-esg-reporting-obligations