By: Grant Thornton
22 Feb 2022 Less than a minute
Though by no means perfect, deals to phase down coal and end deforestation were agreed.[i] If pledges are kept then the aim of restricting temperature growth to 1.5 C is achievable, but only just. The legacy of COP26 will be radical change for businesses and will be felt profoundly by the mid-market. Delivering on the promises made in Glasgow requires all companies to play their part.
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On 26 February 2025, the European Commission (EC) released a new package of proposals (the Omnibus) to amend some key pillars of the European Green Deal. The overall goal of the Omnibus is to reduce reporting burdens, particularly for smaller and mid-sized entities, and increase efficiency in sustainability reporting.
In recent months, there has been much discussion about reducing the reporting burden of sustainability for companies and the European Commission's desire to simplify reporting.