ShareAction signed a joint statement with over 360 organisations from more than 50 countries, opposing the European Commission’s Omnibus proposal published on 26 February. The proposal threatens to dismantle critical sustainability laws, including the Corporate Sustainability Due Diligence Directive (CSDDD), the Corporate Sustainability Reporting Directive (CSRD), and EU Taxonomy. These laws are essential for holding companies accountable for human rights abuses, environmental harm, and ensuring transparent sustainability reporting.

The Omnibus proposal weakens corporate accountability, reduces access to justice for victims, and removes key sustainability obligations for businesses. If passed, it will undermine the EU’s Green Deal and its ambition to lead on climate action and human rights protections.

We call on the European Parliament and Council to reject this damaging proposal and ensure that corporate sustainability laws remain strong and effective.