Key insights: EU's proposed 'omnibus' legislation, Davos 2025 highlights and emerging supply chain trends
Businesses split over the EU's proposed ‘omnibus’ legislation
Organisations are at odds with the European Union’s proposed ‘omnibus’ legislation, which would effectively amend the Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD), EU Taxonomy and potentially other regulations, if passed.?
President of the European Commission Ursula von der Leyen announced the proposed omnibus in November with the intent to reduce regulatory burden for businesses, however, some large corporations are calling for the Commission to not reopen negotiations on the directives, saying preparations and investments for compliance have already begun.??
Conversely, some European businesses argue that the laws are 'excessive and burdensome,' and they are advocating for delays in implementation and a reduction in scope to mitigate the impact on European SMEs. The European Commission is expected to address the omnibus proposal on 26th February.
In the meantime, how should businesses respond???
We recommend businesses stick to compliance plans, as it is likely certain requirements will remain in place. Despite contradicting views and confusion around implementation, supply chain due diligence and risk management strategies are still crucial components of responsible sourcing and climate change mitigation strategies. Businesses prioritising long-term value creation and sustainable growth will continue optimising their sustainability frameworks amid a complex landscape.?
Curious in how to optimise your strategy to stay ahead of shifting supply chain regulations? Contact us to learn more.?
Davos 2025 is in full swing: what to expect?
The World Economic Forum’s (WEF) 2025 Annual Meeting in Davos is in full swing this week, where more than 3,000 leaders ranging from government to private sector communities are gathering to discuss the pressing issues the world is facing and how to address them.?
This year’s forum centers around five key themes:?
Stay tuned and subscribe for more on the outcome of the forum and the key issues relevant to businesses.??
领英推荐
Trade in transition: new report shows how supply chain executives are adapting to the current landscape?
The latest Trade in Transition study by Economist Impact and DP World found that business agility will be a key component in navigating the evolving supply chain landscape.?Surveying more than 3,500 supply chain executives across the world, the report’s findings reveal that around 40% of firms globally are increasing their US-based sourcing to avoid disruptions from incoming tariffs and others stemming from new US policies.?
The report also finds that countries such as Mexico, Vietnam and the UAE are emerging as key trade partners amid political uncertainty in other regions. However, prioritising these markets could pose their own risks related to other key issues such as human rights violations and environmental risks. EiQ data, collated from more than 25,000 audits per year, categorises Mexico and Vietnam as ‘high-risk’ sourcing markets, particularly for their risks associated with labour rights issues.??
For more on EiQ risk insights, visit eiq.com or download our latest Supply Chain ESG Global Risk Outlook.?
In case you missed it: 2025 Top Trends in Supply Chain Sustainability webinar??
It’s not too late to register for our Top Trends in Supply Chain Sustainability webinar, available in two time slots Thursday, to gain exclusive insights and valuable perspectives on the most influential trends shaping businesses and their global supply chains.?
Join us for this highly anticipated discussion with expert and LRQA Chief Product Officer, Kevin Franklin, who will outline the top trends businesses should anticipate for 2025 and how to improve your responsible sourcing strategy with learnings from the past year.??
If you just missed the deadline, don’t worry – you can still register to receive the full post-webinar recording and accompanying downloadable report.??
LRQA expands leadership in ESG assurance with strategic acquisition of RESET Carbon?
LRQA announced this week its acquisition of RESET Carbon, a leader in corporate and supply chain carbon management solutions. The move marks the latest major milestone in LRQA’s strategic growth plan, as the third acquisition in three months, reinforcing LRQA’s commitment to helping clients navigate fast-evolving challenges in ESG compliance, sustainability and risk management.?
The demand for carbon management solutions is particularly prevalent with surging investor, customer and regulatory pressures. The LRQA and RESET Carbon partnership combines complementary strengths across product portfolios and geographic footprints to directly address this demand.?
Ian Spaulding, CEO, LRQA, said:?
“We’re excited to welcome RESET Carbon to LRQA and their unique supply chain carbon management solution. Together with our decades of expertise in assessment, inspection, cybersecurity and ESG advisory services, along with our supply chain intelligence platform, EiQ, we will deliver powerful, data-driven ESG assurance for global corporate clients and supply chains.”?
Read more on this acquisition and learn more about RESET Carbon here.?
We're excited to bring you this newsletter here on LinkedIn. Please subscribe to make sure you don't miss the next edition of EiQ Insights. For queries about our newsletter, contact us at [email protected]?