The European Parliament’s vote on the Omnibus I package marks a turning point for the EU’s sustainability framework. As lawmakers revisit amendments and timelines for the CSRD and CS3D, businesses and investors face growing uncertainty, and opportunity, in how Europe will balance ambition, simplification, and global ESG leadership.

Small and medium-sized enterprises (SMEs) are at the heart of Europe’s economy and climate ambitions—yet they remain underserved by current sustainable finance frameworks. Recognizing this gap, the EU Platform on Sustainable Finance has published a new report proposing a dedicated SME Sustainable Finance Standard to simplify access to green funding for smaller businesses.

The EU Omnibus proposal introduces significant changes to sustainability regulations, leaving businesses uncertain about their next steps. Should they pause ESG efforts or stay ahead? In this edition, we break down the key changes, risks, and strategies to navigate the evolving regulatory landscape.