On 26 February, the European Commission unveiled its first ‘omnibus’ package, a sweeping proposal that aims to ‘simplify’ different parts of the EU’s sustainable finance framework.

The reforms span multiple key regulations, from corporate sustainability reporting and due diligence to the carbon border adjustment mechanism.

Some view the changes as a pragmatic response to mounting economic pressures, but others argue they amount to a big step back in sustainability standards.

In this piece, 9fin breaks down the proposed regulatory changes and gathers insights from a variety of market participants.