Innovations in Sustainable Finance S3 - E6: The Ominous Omnibus with Andreas Rasche
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Jun 2, 2025 
Andreas Rasche, a Professor of Business and Society at Copenhagen Business School, dives into the EU’s omnibus package aimed at simplifying sustainability directives. He emphasizes the importance of targeted improvements over radical changes to existing regulations. The conversation highlights how companies feel overwhelmed by compliance pressures and the need for clear guidance. Rasche also warns against potential legal loopholes if civil liability is removed, stressing the significance of public engagement in shaping effective sustainability policies.
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Omnibus Simplifies Multiple Laws
- The EU's omnibus package aims to streamline and simplify four major sustainability legislations simultaneously.
- This is an efficiency effort to reduce regulatory complexity in sustainability compliance.
Competitiveness Drives Changes
- The omnibus emerges amid concerns for European business competitiveness in global markets.
- Rising right-wing influence and geopolitical pressures motivate reducing business compliance burdens.
Scope Reduction & Liability Changes
- The omnibus proposes drastically reducing companies' reporting scope, excluding about 80%.
- Liability protections are reduced, and due diligence focus moves to only first-tier suppliers.