On 6 May 2026, the European Commission (“EC”) published its consultation on draft final revised European Sustainability Reporting Standards (“ESRS”), alongside a draft voluntary reporting standard for certain SMEs (“VSME”). The revised ESRS are intended to simplify sustainability reporting under the EU Corporate Sustainability Reporting Directive (“CSRD”)
EU and UK Corporate Sustainability Reporting Updates
There were some significant developments in the corporate sustainability reporting world this week: the EU published the directive implementing the so-called ‘Omnibus 1 package’ (the “Omnibus 1 Directive”), whilst the UK Government published finalised versions of the UK Sustainability Reporting Standards (“UK SRS”).
Omnibus 1 Directive
On 26 February 2026, the
Civil Liability – the Supreme Court of the French Judicial System Establishes a General Duty of Environmental Vigilance
The second half of 2025 was marked by the Cour de cassation’s recognition of a general duty of vigilance in environmental matters.
More precisely, by two decisions published in its official report (Cass. civ. 1st, 24 September 2025, no. 23-23.869; Cass. civ. 3rd, 13 November 2025, no. 24-10.954), the Cour de
EU Regulation on Deforestation-free products (EUDR): What Lies Ahead in 2026?
In late 2025, the EU postponed the application of the EU Regulation on Deforestation-free products (EUDR) for the the second time. Under Regulation (EU) 2025/2650, the EUDR is now scheduled to enter into application on December 30, 2026. This Legal Update discusses the likelihood of re-opening of the EUDR for further simplification. We also address other
Business and Human Rights: Norwegian NCP issues Final Statement on Telenor
The Norwegian National Contact Point (“NCP”) issued its Final Statement on 11 December 2025 regarding a complaint filed by SOMO on behalf of 474 Myanmar-based civil society organisations (“CSO”) against Telenor ASA (“Telenor”) concerning Telenor’s operations and exit from Myanmar following the February 2021 military coup. The NCP concluded that Telenor did not conduct ongoing human rights due diligence commensurate with
EU Omnibus Update
Yesterday, 10 December 2025, the Council’s presidency and European Parliament’s negotiators reached a provisional agreement to simplify the EU’s sustainability reporting and due diligence requirements. The provisional agreement must be now endorsed by the Council and the European Parliament, before it is formally adopted by the two institutions. However, further changes are unlikely and the
EU Adopts CBAM Simplification Regulation: 10 Key Amendments and Challenges Ahead
On 17 October 2025, Regulation (EU) 2025/2083 of the European Parliament and of the Council of 8 October 2025 amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism (“CBAM”) was published in the Official Journal of the European Union (the “CBAM Simplification Regulation”). This is the first instrument to amend
EBA Proposes Amendments to ESG Reporting Requirements for Banks
On 22 May 2025, the EU banking supervisor The European Banking Authority (EBA) announced the release of several proposed amendments to its Pillar 3 disclosure requirements, previously contemplated under the CRR3 banking package. These amendments clarify ESG risk-related reporting for small and medium-sized banks, as well as expand on the guidelines for larger institutions. Feedback
What are the top 10 things you need to know about UK CBAM?
The UK government is currently consulting on draft primary legislation establishing a UK Carbon Border Adjustment Mechanism (“CBAM”), which is set to come into force from 1 January 2027. The current consultation is limited to ensuring that the draft primary legislation implements the Government’s stated policy intent, rather than seeking further stakeholder comment on the
EU Delays CSRD and CSDDD Implementation with “Stop-the-Clock” Directive
- CSRD Reporting Delay: The directive postpones CSRD