Maria van der Heide, Head of EU Policy at ShareAction, commented:

"We are deeply concerned about the European Commission’s plan to bundle the Taxonomy, CSRD, and CSDDD into an omnibus regulation. At a time when the urgency to address climate breakdown and social inequalities has never been greater, weakening or delaying these critical laws risks undermining the EU’s leadership in sustainable finance and corporate accountability, with severe consequences for people, the planet, and Europe’s long-term resilience.

"Reopening these laws could cause significant delays to their implementation, which is unacceptable given the escalating impacts of climate change Europe is currently facing.

"Companies and investors need clear, stable frameworks to guide their sustainable practices. Any revisions could create confusion and erode progress. The long-term uncertainty far outweighs any short-term benefits from reducing reporting requirements.

"The EU must stay the course, providing the clarity, guidance and ambition needed to ensure a sustainable future for all."