ShareAction, alongside over 90 organisations representing civil society, businesses, banks, and investors, calls on EU leaders to focus on smart and easy implementation of sustainability reporting standards.

In response to EU Commission President von der Leyen’s recent Omnibus proposal, the joint statement expresses concern over the misrepresentation of EU sustainability reporting as a threat to competitiveness. It emphasises that reliable sustainability reporting is key to scaling up sustainable finance, managing risks, and driving long-term growth, while also offering practical solutions to address overcompliance challenges.