Today, the JURI committee of the European Parliament will be voting on the Omnibus 1 proposal. What does this proposal mean for the future of corporate sustainability reporting? 

In this episode of the Frankly Speaking podcast, Richard Howitt was joined by Julia Otten, Senior Policy Officer at Frank Bold and Andreas Rasche, Assistant Dean and Professor of Business in Society at Copenhagen Business School. 

Together they broke down the implications of the Omnibus 1 text being voted on today and explained what we can expect from the upcoming trialogues and Danish Presidency of the Council. You’ll also hear more about: 

• How the proposal being voted on today excludes 90% of companies from the scope of the Corporate Sustainability Reporting Directive, representing two-thirds fewer companies than those included in the 2014 Non-Financial Reporting Directive 

• Why this Omnibus proposal no longer represents simplification but full-blown deregulation (as admitted by Commission President Ursula von der Leyen herself last week) 

• How the developments of the past week carry serious consequences not only for sustainability but also the future of democratic decision-making in the EU 

• Whether the objectives of the EU Green Deal are still alive  

• Julia and Andreas’s message to businesses at this critical moment in the Omnibus process, especially to those who will now be out of scope 

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