90% of European Companies to Continue Sustainability Reporting Post-EU Omnibus Changes
A survey by osapiens reveals that 90% of 403 European companies with over 1,000 employees will continue or expand sustainability reporting despite the EU's Omnibus package easing mandatory requirements. The study indicates that sustainability data is now integral to corporate governance, though challenges such as budget constraints and fragmented data systems persist.
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A survey conducted by osapiens among 403 European companies with more than 1,000 employees found that 90% plan to maintain or expand sustainability reporting despite the EU's Omnibus package, which reduced mandatory disclosure requirements. The findings indicate sustainability reporting has become essential to corporate governance and risk management.
However, companies face challenges, including budget constraints (43% identified this), fragmented data systems (40.7%), weak technology integration (31%), and unclear ownership of responsibilities. Automation and centralized data platforms are expected to help address these issues, as sustainability reporting increasingly ties into financing and operational strategies.
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