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David Carlin David Carlin is an Influencer

Turning climate complexity into competitive advantage for financial institutions | Future Perfect methodology | Ex-UNEP FI Head of Risk | Open to keynote speaking

๐Ÿ“ข ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—˜๐—จ ๐—ข๐—บ๐—ป๐—ถ๐—ฏ๐˜‚๐˜€ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ โ€“ ๐— ๐—ฎ๐—ท๐—ผ๐—ฟ ๐—ฆ๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฆ๐—ต๐—ถ๐—ณ๐˜๐˜€ ๐—–๐—ผ๐—ป๐—ณ๐—ถ๐—ฟ๐—บ๐—ฒ๐—ฑ The Omnibus proposal is officially out, with some major regulatory rollbacks for corporate sustainability in Europe. With changes spanning the CSRD, CSDDD, Taxonomy, and CBAM, the reporting landscape has just changed dramatically. ๐Ÿ” ๐—ช๐—ฒโ€™๐˜ƒ๐—ฒ ๐˜‚๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ผ๐˜‚๐—ฟ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ฟ๐—ถ๐˜€๐—ผ๐—ป ๐˜๐—ฎ๐—ฏ๐—น๐—ฒ ๐˜๐—ผ ๐—ฟ๐—ฒ๐—ณ๐—น๐—ฒ๐—ฐ๐˜ ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜๐˜€โ€”๐˜„๐—ต๐—ถ๐—ฐ๐—ต ๐˜„๐—ฒ ๐—ต๐—ผ๐—ฝ๐—ฒ ๐—ฎ๐—ฟ๐—ฒ ๐˜‚๐˜€๐—ฒ๐—ณ๐˜‚๐—น ๐—ณ๐—ผ๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€ ๐—ป๐—ฎ๐˜ƒ๐—ถ๐—ด๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐˜„๐—ต๐—ฎ๐˜โ€™๐˜€ ๐—ป๐—ฒ๐˜…๐˜. ๐Ÿšจ ๐—ช๐—ต๐—ฎ๐˜โ€™๐˜€ ๐—–๐—ต๐—ฎ๐—ป๐—ด๐—ถ๐—ป๐—ด? ๐—” ๐˜€๐˜‚๐—บ๐—บ๐—ฎ๐—ฟ๐˜†: 1๏ธโƒฃ CSRD โ€“ Reporting Scope Slashed ๐Ÿ”น Two-year delay for many companies that havenโ€™t yet reported. ๐Ÿ”น 80% of companies removed from mandatory reporting ๐Ÿ”น Sector-specific standards scrapped ๐Ÿ”น ESRS under review for streamlining 2๏ธโƒฃ CSDDD โ€“ Weakened Due Diligence Rules ๐Ÿ”น Focus only on direct suppliers โ€“ removal of full value chain due diligence ๐Ÿ”น Assessment frequency cut โ€“ Required every 5 years instead of annually ๐Ÿ”น Penalties softened โ€“ No references to fines related to global turnover ๐Ÿ”น Civil liability removed 3๏ธโƒฃ EU Taxonomy โ€“ Reporting Becomes Optional for Most ๐Ÿ”น Only โ€œvery largeโ€ companies must report (>1,000 employees) ๐Ÿ”น 80% of companies exempted from Taxonomy alignment ๐Ÿ”น Partial alignment reporting introduced 4๏ธโƒฃ CBAM โ€“ Simplification and exemptions ๐Ÿ”น Exemption threshold introduced for importers ๐Ÿ”น Implementation delayed to 2027 instead of 2026 ๐Ÿ”น Product coverage remains the same for now but may expand in 2026 ๐Ÿ”น Emissions tracking requirements simplified ๐Ÿ‘‰ What is your takeโ€”necessary streamlining or a retreat from sustainability leadership? Can a balance be struck between sustainability and competitiveness? I think it can. In fact, I don't think they even should be contradictory. The big question is whether this omnibus strikes that balance. I'm not so sure. #CSRD #CSDDD #EUTaxonomy #CBAM #Sustainability #ESG #SustainabilityReporting #EURegulations #ClimateFinance #CorporateResponsibility

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