The European Commission recently introduced an omnibus package of proposals aimed at simplifying sustainability reporting and due diligence obligations.
The EU ESG reporting framework is bold making it challenging for companies to prepare. The European Commission is proposing to refine regulations to be more pragmatic and more focused on the ultimate reporting goal: Achieve Green transformation as discussed in the EU Green Deal.
The omnibus legislation aims to foster a more favorable business environment, reduce regulatory burdens, and help companies transition to a sustainable economy, aligning with the EU's Green Deal objectives. This initiative is part of a broader effort to enhance the EU's competitiveness by reducing reporting burdens without undermining policy objectives. KPMG firms stand ready to assist clients through their sustainability reporting journey and will advise to find the right reporting strategy.
We recognize that regulatory shifts can shake up your business as usual. To help support you, below you will find a curated a collection of resources, recommendations, and actionable steps to guide you through your sustainability strategy—no matter where you are in the process.