“The ‘omnibus’ directive was introduced in February 2025 and, if approved, would have exempted 80% of companies that were originally set to be covered by the scope of the Corporate Sustainability Reporting Directive (CSRD), mandating the publication of regular reports regarding companies’ ESG risks in accordance with European Sustainability Reporting Standards.”

[COMMENTARY] It’ll be interesting to see if President Trump or his administration rails against this, as many US companies operating in Europe will need to comply with the new EU regulations.
EU Parliament Rejects Rollback in Sustainability Reporting, by David Katz, Elina Tetelbaum, Loren Braswell, Wachtell Lipton, October 25, 2025, Harvard Law School Forum on Corporate Governance, USA.