Joint statement on Omnibus Legislation

Impact Europe has endorsed the “Investor Joint Statement on Omnibus Legislation.” This statement, led by the Institutional Investors Group on Climate Change (IIGCC), the European Sustainable Investment Forum (Eurosif), and the Principles for Responsible Investment (PRI), which was signed by 163 investors managing approximately €6.6 trillion in assets, along with 49 service providers and supporting organisations—amounting to a total of 212 endorsements.

The joint statement aligns with Impact Europe’s commitment to upholding the integrity and ambition of the EU’s sustainable finance framework, particularly amid ongoing discussions on omnibus legislation that seeks to amend key regulations, including the EU Taxonomy, the Corporate Sustainability Reporting Directive (CSRD), and the Corporate Sustainability Due Diligence Directive (CSDDD). We emphasise the importance of ensuring that simplification does not lead to deregulation while prioritising regulatory stability. To accelerate the transition to a greener and more inclusive economy, businesses must actively participate and transparently disclose their impact on people and the planet. Without this transparency, mobilising capital to finance the transition and achieve the SDGs will not be possible.