JBCE Opinion on the Omnibus I Package
On 11 February 2025, JBCE published its opinion on the first Omnibus package on sustainability.
JBCE firmly believes that sustainability is, and will continue to be, a fundamental pillar in enhancing business competitiveness. Strengthening alignment with existing EU legislation is essential, as it will not only reduce the administrative burden associated with reporting requirements but also allow businesses to focus their resources on innovation and effective implementation strategies. This, in turn, will enhance their performance and contribute positively to society as a whole.
To ensure legal clarity, we call for Omnibus discussions to be conducted in a way that prevents regulatory uncertainty. Additionally, JBCE underscores the importance of aligning with international standards, recognising that many companies, including our members, operate both within the EU and globally.
Our paper emphasises the following points:
- Legal consistency: Ensuring alignment in terminology, scope, context, and definitions between EU legislation and related international standards.
- Clear guidance & implementation tools: Supporting the timely adoption of Delegated Acts with clear guidance and necessary support tools.
- Practical adjustments to CSRD: Postponing the assurance implementation timeline and simplifying taxonomy alignment disclosure obligations.
- Harmonised due diligence compliance: Preventing duplicated due diligence obligations across various regulations.
- Reducing reporting burdens: Easing supplier data collection requirements and introducing standardised supplier questionnaires.
- Proportionality in requirements: Ensuring that regulatory obligations remain balanced and feasible for businesses.
- Consistency across Member States: Harmonising national transpositions of CSDDD.
- Capacity building: Enhancing global support and collaboration for sustainable business practices.
For more information, please contact info@jbce.org