The sustainability report, the CSRD, and the EU’s omnibus proposal

In a world increasingly aware of the importance of sustainability, transparency in business practices has become a priority. In response to this demand, the European Union issued the Corporate Sustainability Reporting Directive (CSRD) in December 2022, introducing stricter requirements for sustainability reporting. This directive redefines how companies must disclose their impacts, risks, and opportunities in environmental, social, and governance (ESG) matters, and promotes greater transparency and alignment with international regulatory frameworks. This, in turn, enables investors, regulators, and other stakeholders to make informed decisions about an organization’s level of sustainability. The article analyses the CSRD directive, highlighting its main benefits and obligations for companies in preparing sustainability reports. It also examines the potential impact of the EU’s proposed Omnibus I directive, presented in February 2025, on the implementation and scope of the CSRD.