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Omnibus directive: simplification priorities and related challenges​

Day 1 Afternoon

Wednesday 17 September

Room :

ROOM 2

Speakers

Chair
Alexandra Jour-Schroeder
Deputy Director-General - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Public Authorities
Martina Tambucci
Head of International Relations Unit - Commissione Nazionale per le Società e la Borsa (CONSOB)
Patrick de Cambourg
Chair of the Sustainability Reporting Board - European Financial Reporting Advisory Group (EFRAG)
Sebastian Thomasius
Permanent Representation of the Federal Republic of Germany to the EU - Sebastian.Thomasius@diplo.de
Suzanne Lloyd
Vice-Chair - International Sustainability Standards Board (ISSB)
Industry Representatives
Delphine Dirat
Director, Government Relations and Regulatory Strategy - London Stock Exchange Group (LSEG)
Grégoire de Montchalin
Head of Planning Budget Results & Consolidation (PBRC) - AXA Group
Harm Bots
Chief Executive Officer and President of MUFG Bank (Europe) N.V. and Head of EU - MUFG Bank (Europe) N.V.

Objectives

This session will explore the implications of the Commission’s Omnibus proposal, which substantially reduces the scope and reporting requirements under CSRD and the taxonomy regulation. The debate will focus on the balance between simplification for corporates and the need to preserve meaningful sustainable data for investors, supervisors, and policymakers. The objective is to assess how far simplification can go without undermining transparency, comparability, and the credibility of the EU sustainable finance framework.

Points of discussion

  • Based on the first wave of CSRD and taxonomy reporting, does experience support the Omnibus orientation—fewer corporates in scope and fewer datapoints—or does it risk weakening transparency and supervision of climate-related risks?
  • What are the consequences of narrowing the scope of reporting?
  • Can voluntary SME reporting and Scope 3 data from large corporates provide sufficient compensation, or would essential information be lost for markets and regulators?