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EU urged to align sustainability due diligence with global standards

GlobalData
Summary
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85% Informative

EU 's Omnibus proposal could complicate risk management, increase unpredictability, and inflate corporate expenses.

Coalition cautions against oversimplification that might dilute due diligence efforts.

Narrowing scope of the Corporate Sustainability Reporting Directive would exclude 80% of the companies currently subject to its requirements.

EU -wide mandatory due diligence legislation expected to provide clearer expectations and greater legal certainty.