BETTER FINANCE has published its recommendations for improving the European Commission’s "Omnibus I" reforms on sustainability reporting. While supporting efforts to simplify rules for companies, BETTER FINANCE stresses that reforms must not weaken transparency for investors. Instead of blanket exemptions, the paper calls for a smarter, risk-based approach that focuses on key sectors without losing access to vital environmental, social, and governance (ESG) data.
To make sustainability information truly useful for citizens, BETTER FINANCE proposes a simple "ESG at a glance" summary in company reports, following the principle of keeping it short and easy to understand.
The position also highlights the need for better alignment between the CSRD and SFDR frameworks to avoid confusion and duplication. Simplifying reports must not come at the cost of trust, investor protection, or Europe's competitiveness. BETTER FINANCE believes targeted improvements can strengthen Europe's leadership in sustainable finance while supporting small businesses and safeguarding individual investors.
⬇️ Read and Download the Position Paper ⬇️