WASHINGTON, D.C. – Marjorie Chorlins, senior vice president for Europe at the U.S. Chamber of Commerce, issued the following statement regarding the provisional agreement on the European Union’s Sustainability Omnibus package:
"The U.S. Chamber welcomes the positive developments reflected in the provisional agreement on simplification of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CS3D). Narrowing the scope to larger companies, deleting Article 22's climate transition plan requirements, and rejecting an EU-wide civil liability regime represent significant progress toward a more balanced and workable regulatory framework.
"However, we remain concerned that the agreement does not address concerns about the extraterritorial reach of these measures. These provisions create practical challenges for companies operating across multiple jurisdictions and risk undermining the competitiveness of a strong, vibrant European Union.
"In the spirit of our long-standing partnership on issues of mutual importance, we urge EU policymakers to address remaining concerns about jurisdictional overreach. This approach would allow the EU to pursue its sustainability goals while strengthening both European competitiveness and transatlantic commerce. The U.S. Chamber remains ready to engage in constructive dialogue to help achieve an outcome that serves the interests of businesses, workers, and citizens on both sides of the Atlantic."
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