The European Commission has published its draft “Omnibus” directive, aimed at simplifying several regulations on Sustainable Finance (CSRD, Taxonomy, CS3D). AFG supports this initiative, which is essential to strengthening European competitiveness and sovereignty while preserving key principles such as double materiality.

However, this simplification must ensure a level playing field for European companies internationally by immediately and significantly reducing the number of reporting requirements. It should not come at the expense of investors’ access to high-quality ESG data, which is crucial for companies’ extra-financial analysis. It is essential to rely on data directly produced by companies, following the model of financial data, rather than becoming overly dependent on unregulated external providers.