📰 PRESS RELEASE #NoToOmnibus
Today, EU officials are meeting with corporate lobbyists to discuss rolling back sustainability laws—but those most affected by corporate abuse are locked out, bringing back the feeling of the David vs Goliath fight.
Victims of corporate abuse, workers in exploitative supply chains, and frontline communities are not consulted on the #Omnibus—but corporations are.
Who wins? Multinational corporations.
Who loses? Workers, communities, victims and the planet.
Why this matters:
➕ The stakes: The Omnibus threatens to dismantle progress on corporate accountability, human rights, and environmental protection. The Omnibus proposal will weaken landmark sustainability laws like the Corporate Sustainability Due Diligence Directive (CSDDD), CSRD, and the EU Taxonomy.
➕ The EU risks its credibility by caving to corporate demands instead of enforcing protections for human rights and the environment. Omnibus will only create costly confusion and lower standards of protection for people and the planet.
➕ Big business, big influence: Nearly a third (29%) of invited companies are from finance, 13% from oil and gas—sectors with major environmental and climate impacts. These corporations made on average €5.6B each in 2023, and collectively paid out a total of €75B in dividends—yet claim due diligence is “too costly.” Meanwhile, the invite list is dominated by big corporations from just five EU countries (DE, FR, IT, NL, ES), plus the UK & US, excluding most EU businesses from the conversation.
➕ This protest is a warning shot: If the Commission moves forward, expect growing resistance from civil society across Europe and the Global South.
https://lnkd.in/dD4nV7yP