27.01.2025

IOGP Europe recommendations for the Omnibus proposal

IOGP Europe strongly supports the European Commission’s commitment to simplifying and reducing reporting and compliance obligations by 25%, as outlined by President von der Leyen in March 2023 and reaffirmed in the Budapest Declaration of November 2024. The EU faces significant challenges which require quick and decisive action if it is to sustain growth in the coming decades.

This position statement presents the 4 objectives we believe should guide the Omnibus proposal, as well as the 4 key pieces of legislation which present significant implementation challenges and risks to competitiveness and security of supply.

The 4 key objective are:

  • Reducing reporting and compliance burdens;
  • Simplifying the regulatory framework;
  • Ensuring the feasibility of implementation;
  • Safeguarding European competitiveness.

We recommend targeted improvements to 4 key pieces of legislation:

  • Corporate Sustainability Reporting Directive (CSRD);
  • EU Taxonomy for Sustainable Activities;
  • Corporate Sustainability Due Diligence Directive (CSDDD);
  • EU Methane Emissions Regulation.

This document is an non-exhaustive excerpt of our recommendations

 

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