On 8 November 2024, European Commission President Ursula von der Leyen announced she would introduce a proposal to amend three key pillars of the European Green Deal through an Omnibus law: the Corporate Sustainability Due Diligence Directive (CSDDD), the Corporate Sustainability Reporting Directive (CSRD), and the Taxonomy Regulation.

As a reaction, today, BankTrack together with over 160 members of civil society, human rights and environmental defenders, trade unions and climate activists, calls on the European Commission to actively protect these EU corporate accountability laws, reaffirm the official timeline for their transposition and implementation, and be fully transparent about the Omnibus process.

Our demands: 

We urge European Commission President Ursula von der Leyen to:

• Uphold EU corporate accountability legislation including the Corporate Sustainability Due Diligence Directive (CSDDD), Corporate Sustainability Reporting Directive (CSRD), and the Taxonomy Regulation.
• Adhere to the current timeline for the transposition and implementation of these essential laws, and provide timely and clear guidelines for compliance.
• As a matter of urgency, clarify the Commission’s intentions and be fully transparent about the rationale, scope, timeline, legislative process, impact assessment as well as the consultation period related to the proposed omnibus.

See the original press release on the European Coalition for Corporate Justice (ECCJ) website here and download the joint statement here.