In Dow Jones Risk Journal, Michael Littenberg Discussed European Union Omnibus Simplification Changes

In a Dow Jones Risk Journal article, partner Michael Littenberg, global head of the firm’s ESG, CSR and business and human rights compliance practice, discussed the potential implications of changes to the European Union’s Corporate Sustainability Reporting Directive (CSRD) and  Corporate Sustainability Due Diligence Directive (CSDDD).

Michel commented on what the EU’s CSRD & CSDDD regulation changes may mean for subject companies and compliance officers.

“There are still many details to be worked out but, broad strokes, a lot less companies will need to comply with CSRD and CSDDD. And for those that do, compliance will be less onerous. For compliance officers, it is a bit of a wait-and-see until the changes are finalized, but there is enough visibility to begin assessing how their company’s specific compliance requirements are likely to change,” said Michael.