Omnibus Proposal Tweaks CSRD Requirements, but AFM Sticks to its Transparency Goals
When the European Commission unveiled its Omnibus proposal, it sparked a shift in the scope and timing of the Corporate Sustainability Reporting Directive (CSRD)—and with it, some new challenges and opportunities for businesses and auditors alike. The proposal trims the number of companies that must comply with CSRD standards, but despite these changes, the Dutch Authority for the Financial Markets (AFM) is doubling down on its commitment to keeping sustainability reporting both transparent and reliable. The question remains over whether the tweaks in the Omnibus proposal truly improve things, or is it more of a stopgap?