European Commission unveils Omnibus proposals

BRUSSELS - The European Commission has adopted new proposals designed to cut red tape for businesses which campaigners say will significantly weaken flagmark legislation to make companies responsible for human rights and environmental issues in their global supply chains.

The first so-called Omnibus packages of simplification measures focus on the European Union's (EU) Corporate Sustainability Due Diligence Directive (CSDDD) and the Corporate Sustainability Reporting Directive (CSRD).