FERMA's position on the Omnibus sustainability rules simplification package

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<title>FERMA's position on the Omnibus sustainability rules simplification package</title>
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<publisher>Federation of European Risk Management Associations</publisher>
<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">The Federation of European Risk Management Associations (FERMA) brings together 23 risk management associations in 22 European countries, representing more than 5600 risk managers active in a wide range of business sectors. On 26 February 2025, the European Commission unveiled the long-awaited Omnibus Simplification Package (Omnibus I), introducing key amendments to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D), among others. Risk Managers are important contributors to the sustainability reporting process of EU companies. They are responsible for identifying and assessing sustainability risks and opportunities, evaluating their effects and developing mitigation strategies - a necessary first step to enable effective sustainability reportin</abstract>
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