Presented by the European Commission last week, the omnibus bill proposes to amend several key laws from the European Green Deal including the corporate sustainability reporting directive (CSRD) and the corporate sustainability due diligence directive (CSDDD).
Those rules require companies to report on their environmental footprint, exposure to climate change, and to police their supply chains against environmental damage and human rights violations.
Only the largest companies are currently expected to report, while others are facing deadlines in 2026, 2027 and 2028.
“Companies urgently need clarity and legal certainty regarding whether they must continue preparing for the implementation of the burdensome reporting obligations set out in these acts,” wrote MEP Tomas Tobé, who is also vice president of the EPP group.
“The sooner EU businesses receive clear guidance on the way forward, the lower the associated costs and disruptions will be for them,” he argued in justification for calling for the urgent procedure.
“The stop the clock proposal needs therefore to enter into force as soon as possible,” Tobé said, adding that it would also make the work of Parliament on the other elements of the omnibus package “more efficient and effective.”