Stakeholder pressure, business value and ethics could fill the obligation shortfall left by the omnibus process, suggests business professor.

European Parliament reduces sustainability reporting scope; FRC advises on UK Corporate Governance Code… and issues assurance standard.

A letter highlights the potential legislative breaches that could occur via the ‘omnibus’ process of revising the CSRD and CSDDD.

EY finds burnout among boards; the EU’s omnibus stalls; UN warning on human rights; internal audit ‘has place in telecoms code’; shared surnames improve business.

The rules will cover companies with 1,000+ staff and €450m revenue, while the due diligence law will apply to even fewer organisations.

Significant scope reductions for the rules are on the cards, undermining the original intention of regulatory simplification, say observers.

The EU’s two biggest states aim for more streamlining of sustainability reporting framework as EU consultation continues.

A letter signed by 200 high-profile organisations urges the EU to retain the 500+ employees threshold in the sustainability reporting directive.

Report recommends Corporate Sustainability Due Diligence Directive should affect only firms with 5,000+ employees and €1.5bn turnover.

European Parliament rapporteur Jörgen Warborn proposes changes for ‘less red tape and fewer burdens for businesses’.