The Evolution of ESG Regulation in the European Union and the Omnibus I Directive

Maria Andreevna Mitkina
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Maria Andreevna Mitkina: Ministry of Economic Development of the Russian Federation, Moscow, Russia

Russian Foreign Economic Journal, 2026, issue 02, 82-94

Abstract: In recent years, the European Union (EU) has made eff orts to tighten its ESG requirements within the framework of the European Green Deal, moving gradually from broad declarative statements to legally binding corporate obligations. However, under pressure from its own business community—despite its ambitions to maintain leadership in ESG policy—the EU has eased certain requirements under key legislative acts, including the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD) and the Carbon Border Adjustment Mechanism (CBAM). The EU-agreed amendments to these regulations are known as the Omnibus I Directive. This article examines the multi-stage negotiations and approval process and analyzes the agreed ESG regulatory adjustments.

Keywords: sustainable development; European Union; ESG regulation; Omnibus I (search for similar items in EconPapers)
JEL-codes: Q57 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2026_02_82-94

DOI: 10.64545/2072-8042-2026-2-82-94

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