Omnibus: what's changing (really), what's staying, and why it matters.

Omnibus: what's changing (really), what's staying, and why it matters.

On June 18 last, theLouis Bachelier Institute, theInstitute of Sustainable Finance, the Horizon & Beyond Foundation and the association Fidendable have co-organized a webinar dedicated to the dynamic of simplifying regulations in sustainable finance, with a focus on the directive Omnibus and its implications for all actors in the marketplace.

This webinar is an extension of:

- the “Omnibus” conference organized in February by Fidendable at the Climate Academy,

- The MOOC on sustainable finance, developed in partnership with ILB, IFD and the Horizon & Beyond Foundation,

- the research carried out by IFD, with a recognized contribution to the simplification of European extra-financial reporting standards.

Simplifying without weakening: what are the prospects for sustainable finance at European level?

Stakeholders, in particular Corinne Lepage, Vincent Vandeloise (Finance Watch), Léa Dunand-Châtelet (AFG), Nicolas Lancessor (IFD) shared a critical but constructive reading of this ongoing simplification.

All recognize the need to simplify certain mechanisms considered too complex or poorly calibrated, but warn against the risk of a race to the bottom, weakening the management capacity of companies and investors alike.

“By untangling the texts, we risk losing a major competitive and strategic advantage against the United States or China”, warns Corinne Lepage.

Among the current topics covered:

- the reduction of the scope of application of the CSRD,

- the potential abolition of transition plans,

- the legal risks associated with an accelerated procedure,

- and the lack of coordination between the various texts (CSRD, SFDR, taxonomy...).

Despite the uncertainties, consensus remains strong around the principle of double materiality, which makes it possible to analyze ESG impacts in both directions: how companies affect society, and how environmental or social issues affect their economic model.

Another central challenge: the quality and standardization of data. Without reliable data, it is difficult to assess climate performance, develop credible transition plans, or meet the prudential requirements of supervisors.

See you again in replay

Were you unable to attend the webinar?

- The replay is available here: https://www.youtube.com/watch?v=tV3WI5Mb4ww

It offers a useful summary of current debates, the positions of French actors and future arbitrations at European level.

Deepen with the MOOC sustainable finance

To go further, we invite you to follow the MOOC on sustainable finance, a free online program open to all, co-built with experts in the sector.

It discusses the foundations of sustainable finance, major European texts and implementation challenges.

- Access the MOOC on sustainable finance https://mooc.institutlouisbachelier.org/mooc-category/ilb-mooc/

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