L’UE menace de revenir sur ses engagements humains, sociaux et environnementaux

The document argues that the European Commission's plan to use 'Omnibus' legislation to revise the CS3D, CSRD, and EU Taxonomy is a response to private sector lobbying under the guise of 'competitiveness' and 'administrative simplification'. The authors warn that this could undermine corporate accountability for human rights and environmental abuses, weaken civil liability for multinational companies, and jeopardize the EU's goal of carbon neutrality by 2050 and the Paris Agreement objectives.

• The European Commission is considering 'Omnibus' legislation to simultaneously renegotiate the Corporate Sustainability Due Diligence Directive (CS3D), the Corporate Sustainability Reporting Directive (CSRD), and the EU Taxonomy, following Ursula Von der Leyen's announcement on November 8 to reduce 'bureaucracy' for European companies.
• The proposed revisions are viewed as being driven by private sector lobbies and documents such as the Draghi report and the Budapest Declaration, which use 'competitiveness' and 'administrative simplification' to roll back Green Deal achievements.
• There is a specific risk that the 'Omnibus' approach will be used to remove civil liability provisions, which would allow legal action against faulty companies, thereby making the CS3D less binding and failing to protect populations in production countries.
• The authors assert that weakening climate-related obligations, specifically the requirement for companies to implement science-based climate transition plans, would make it impossible to meet the goals of the Paris Agreement and the EU's 2050 carbon neutrality target.

APA

Martin, L. (2024). L’UE menace de revenir sur ses engagements humains, sociaux et environnementaux. Reclaim Finance. https://reclaimfinance.org/site/2024/11/26/lue-menace-de-revenir-sur-ses-engagements-humains-sociaux-et-environnementaux/

Chicago

Martin, Léo. L’UE menace de revenir sur ses engagements humains, sociaux et environnementaux. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/11/26/lue-menace-de-revenir-sur-ses-engagements-humains-sociaux-et-environnementaux/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=L’UE menace de revenir sur ses engagements humains, sociaux et environnementaux |publisher=Reclaim Finance |date=26 November 2024 |url=https://reclaimfinance.org/site/2024/11/26/lue-menace-de-revenir-sur-ses-engagements-humains-sociaux-et-environnementaux/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024lue, author = {Martin, Léo}, title = {{L’UE menace de revenir sur ses engagements humains, sociaux et environnementaux}}, publisher = {Reclaim Finance}, year = {2024}, month = nov, url = {https://reclaimfinance.org/site/2024/11/26/lue-menace-de-revenir-sur-ses-engagements-humains-sociaux-et-environnementaux/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }