The Corporate Sustainability Due Diligence Directive still has ‘some of the world’s largest polluting companies’ in scope, say campaigners.

While the move is welcomed by many, some fear that it risks undermining ‘double materiality’ principle in European reporting.

Upcoming negotiations provide new opportunity, after the one lost by the EU in revising its due diligence directive, says law professor.

Although it is a major piece of legislation, campaigners say it falls short now that its scope has been extensively reduced.

European competitiveness is not served by catering to the needs of ‘a small group of fossil fuel suppliers’, writes sustainability expert.

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

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

Industry bodies complain they are being made a ‘target’ of EU regulatory burden, in a letter to the US Treasury.

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.