The European Commission is advancing a major regulatory initiative in the form of an Environmental Omnibus Package (Omnibus) to streamline and consolidate core EU environmental legislation. Framed as a simplification effort,...more
We reported in previous blog posts (here and here) on the European Commission’s Green Deal initiatives and their impact on companies doing business in Europe as well as the significant recent headwind against these...more
While the European Union has established itself as a frontrunner in sustainability legislation, having passed a significant number of sustainability laws under its Green Deal, its recent omnibus sustainability package...more
The Council of the European Union adopted a regulation on the reduction of methane emissions in the energy sector (Regulation). Methane is the second-biggest cause of climate change after carbon dioxide, and in the short term...more
The Council of the European Union ("EU") approved the Corporate Sustainability Due Diligence Directive ("CS3D") on March 15, 2024. The CS3D contains due diligence and governance obligations that will have an extensive impact...more
Three years ago, as part of the EU’s initiative on sustainable governance, the European Commission released a lengthy study on directors’ duties. The study affirmed what many already understood: corporate decision makers face...more
On June 21, 2022, the Council of the European Union (“European Council”) and European Parliament (“Parliament”) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (“CSRD”). A copy of...more