PRESS RELEASE
PensionsEurope welcomes Omnibus I agreement but urges protection of essential sustainability data
Brussels, 11 December 2025
PensionsEurope welcomes the provisional political agreement on the EU’s Omnibus I package, which aims to simplify corporate sustainability reporting and due diligence frameworks. However, it warns that simplification must not come at the expense of transparency and decision-useful data for long-term investors.
“Simplification is welcome, but transparency cannot be sacrificed. Pension funds need reliable and comparable sustainability data to manage risks and support the sustainable transition,” said Matti Leppälä, CEO of PensionsEurope. “Omnibus I must protect key investment-relevant information so long-term investors can make informed decisions.”
Corporate Sustainability Reporting Directive (CSRD)
PensionsEurope welcomes proportionality but cautions that higher thresholds for reporting companies risk shrinking the ESG data universe. Genuine simplification should focus on eliminating duplicative and immaterial data, not reducing the number of companies in scope.
European Sustainability Reporting Standards (ESRS)
While a proportionate approach is supported, key investment-relevant data points, including Scope 3 emissions and PAI indicators, must be preserved for compliance with the Sustainable Finance Disclosure Regulation (SFDR) and informed long-term investment decisions.
Assurance
Weakening or removing limited assurance could undermine confidence in sustainability reporting. Robust assurance at the source is essential to maintain high-quality, reliable information across the investment chain.
Corporate Sustainability Due Diligence Directive (CSDDD)
PensionsEurope supports harmonisation and welcomes proportionality measures, including a risk-based approach and reduced information pressure on SMEs. However, removing the civil liability regime could lead to divergent national rules, reducing legal certainty for cross-border investors.
Regulatory Alignment
Omnibus I outcomes must be fully integrated into the upcoming SFDR review to prevent inconsistencies between corporate reporting and financial sector disclosures.
Overall, we stress that Omnibus I should make reporting smarter, not weaker. Streamlining is welcome, but decision-useful information must be safeguarded to enable long-term investors to do their job effectively.
Read more about our work in the sustainable finance area here.
