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The Legal Landscape of Sustainability Reporting Under Reform - Are the Omnibus packages a godsend for companies and EU’s competitiveness?

Willman, Victoria Louisa Ingeborg Bremner LU (2025) HARN63 20251
Department of Business Law
Abstract
The European Union’s sustainability reporting framework, which includes the CSRD and the CSDDD, is widely regarded as a logical progression toward achieving the 2050 climate goals. The EU has faced criticism regarding the sustainability reporting directives, primarily due to concerns over the EU’s global competitiveness and the readiness of undertakings to comply. Consequently, there have been increasing requests for the EU to simplify the directives in a timely manner. This perceived need for reform has been addressed through the introduction of the so-called Omnibus package. This thesis aims to evaluate both current and proposed legislative measures and assess their impact on undertakings’ compliance obligations and the EU’s global... (More)
The European Union’s sustainability reporting framework, which includes the CSRD and the CSDDD, is widely regarded as a logical progression toward achieving the 2050 climate goals. The EU has faced criticism regarding the sustainability reporting directives, primarily due to concerns over the EU’s global competitiveness and the readiness of undertakings to comply. Consequently, there have been increasing requests for the EU to simplify the directives in a timely manner. This perceived need for reform has been addressed through the introduction of the so-called Omnibus package. This thesis aims to evaluate both current and proposed legislative measures and assess their impact on undertakings’ compliance obligations and the EU’s global competitiveness. The thesis analyses how the sustainability reporting rules in the EU is changing and assesses what the implications of the changes could be. The assessment involves an analysis of both existing and former legal obligations, as well as the critical discourse surrounding them. In addition, the study considers the extent to which the Omnibus package constitutes regulatory relief and will propose forward-looking recommendations for both undertakings and EU policymakers. This is achieved with the use of the legal doctrine method, EU law interpretation, and relevant primary and secondary data. The thesis concludes that, although the Omnibus offers the necessary simplification of the CSRD and CSDDD, the legal uncertainty and complexity remain a concern. The aim of the thesis is to provide policymakers and undertakings with recommendations on navigating the changing legal landscape. (Less)
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author
Willman, Victoria Louisa Ingeborg Bremner LU
supervisor
organization
course
HARN63 20251
year
type
H1 - Master's Degree (One Year)
subject
keywords
CSRD, CSDDD, Omnibus package, sustainability reporting, EU law, corporate compliance, ESG, double materiality
language
English
id
9196932
date added to LUP
2025-06-11 09:56:14
date last changed
2025-06-11 09:56:14
@misc{9196932,
  abstract     = {{The European Union’s sustainability reporting framework, which includes the CSRD and the CSDDD, is widely regarded as a logical progression toward achieving the 2050 climate goals. The EU has faced criticism regarding the sustainability reporting directives, primarily due to concerns over the EU’s global competitiveness and the readiness of undertakings to comply. Consequently, there have been increasing requests for the EU to simplify the directives in a timely manner. This perceived need for reform has been addressed through the introduction of the so-called Omnibus package. This thesis aims to evaluate both current and proposed legislative measures and assess their impact on undertakings’ compliance obligations and the EU’s global competitiveness. The thesis analyses how the sustainability reporting rules in the EU is changing and assesses what the implications of the changes could be. The assessment involves an analysis of both existing and former legal obligations, as well as the critical discourse surrounding them. In addition, the study considers the extent to which the Omnibus package constitutes regulatory relief and will propose forward-looking recommendations for both undertakings and EU policymakers. This is achieved with the use of the legal doctrine method, EU law interpretation, and relevant primary and secondary data. The thesis concludes that, although the Omnibus offers the necessary simplification of the CSRD and CSDDD, the legal uncertainty and complexity remain a concern. The aim of the thesis is to provide policymakers and undertakings with recommendations on navigating the changing legal landscape.}},
  author       = {{Willman, Victoria Louisa Ingeborg Bremner}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Legal Landscape of Sustainability Reporting Under Reform - Are the Omnibus packages a godsend for companies and EU’s competitiveness?}},
  year         = {{2025}},
}