Latest news with #Omnibus'
Yahoo
30-04-2025
- Automotive
- Yahoo
US House votes to rescind approval for California heavy-duty truck rules
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday voted to rescind the Environmental Protection Agency's 2023 approval of California's plans to require a rising number of zero-emission heavy-duty trucks. The House is also voting on Wednesday on whether to repeal an EPA waiver issued in December under President Joe Biden for California's 'Omnibus' low-NOx regulation for heavy-duty highway and off-road vehicles and engines.
Yahoo
04-03-2025
- Business
- Yahoo
EU's Omnibus directive needs careful consideration, says ACCA
The Association of Chartered Certified Accountants (ACCA) has highlighted the necessity for careful evaluation of the European Union's (EU) 'Omnibus' directive. Announced in February 2025, the directive proposes changes to the European Green Deal, aiming to reduce the number of companies required to publish sustainability details and delay implementation by a year. The proposals also aim to decrease the number of companies needing to audit their supply chains and limit information required from small and medium sized enterprises (SMEs). As a result, around 80% of businesses will no longer fall under the Corporate Sustainability Reporting Directive (CSRD). Instead, compliance requirements will primarily affect the largest corporations, given their significant social and environmental impact. ACCA said that it supports the directive's intent to save costs, reduce burdens on SME's, and enhance competitiveness. However, Mike Suffield, ACCA's policy and insights director, stressed the need for clarity and consistency. He said: 'While we welcome the intent of the directive, businesses need consistency, clarity, and certainty; the Omnibus Directive needs careful consideration to ensure that it delivers on these requirements, while acknowledging the need to drive climate action.' The global accountancy body added that it has supported robust sustainability reporting frameworks and voluntary disclosures globally. It is assisting accountants and businesses with understanding and complying with the CSRD. ACCA also underscored the importance of aligning European sustainability reporting with IFRS Sustainability Disclosure Standards to prevent regulatory divergence and minimise global market friction. Suffield added that: 'ACCA will be analysing the Omnibus Directive in greater detail to fully understand the impact on our global membership and our partners. We stand ready to assist the EU in their development and implementation of proposals, and to ensure globally consistent and clear sustainability reporting requirements for business.' Meanwhile, the Institute of Chartered Accountants in England and Wales views the Omnibus proposals as a significant retreat from original sustainability reporting goals. "EU's Omnibus directive needs careful consideration, says ACCA " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
EU's Omnibus directive needs careful consideration, says ACCA
The Association of Chartered Certified Accountants (ACCA) has highlighted the necessity for careful evaluation of the European Union's (EU) 'Omnibus' directive. Announced in February 2025, the directive proposes changes to the European Green Deal, aiming to reduce the number of companies required to publish sustainability details and delay implementation by a year. The proposals also aim to decrease the number of companies needing to audit their supply chains and limit information required from small and medium sized enterprises (SMEs). As a result, around 80% of businesses will no longer fall under the Corporate Sustainability Reporting Directive (CSRD). Instead, compliance requirements will primarily affect the largest corporations, given their significant social and environmental impact. ACCA said that it supports the directive's intent to save costs, reduce burdens on SME's, and enhance competitiveness. However, Mike Suffield, ACCA's policy and insights director, stressed the need for clarity and consistency. He said: 'While we welcome the intent of the directive, businesses need consistency, clarity, and certainty; the Omnibus Directive needs careful consideration to ensure that it delivers on these requirements, while acknowledging the need to drive climate action.' The global accountancy body added that it has supported robust sustainability reporting frameworks and voluntary disclosures globally. It is assisting accountants and businesses with understanding and complying with the CSRD. ACCA also underscored the importance of aligning European sustainability reporting with IFRS Sustainability Disclosure Standards to prevent regulatory divergence and minimise global market friction. Suffield added that: 'ACCA will be analysing the Omnibus Directive in greater detail to fully understand the impact on our global membership and our partners. We stand ready to assist the EU in their development and implementation of proposals, and to ensure globally consistent and clear sustainability reporting requirements for business.' Meanwhile, the Institute of Chartered Accountants in England and Wales views the Omnibus proposals as a significant retreat from original sustainability reporting goals. "EU's Omnibus directive needs careful consideration, says ACCA " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Euronews
21-02-2025
- Business
- Euronews
Brussels, my love? Can the EU stave off a trade war with the US?
We are joined this weekend by Ben Butters, the Chief Executive Officer at Eurochambres, Cory Bennet, climate editor for POLITICO Europe and Chloé Mikolajczak, a climate and social justice activist. The panel broke down the rumours that the European Commission is set to simplify life for all those doing business in the EU. From the Competitive Compass to various 'Omnibus' packages expected soon - the EU executive has promised to focus on deregulation as opposed to more. Climate activist Chloé Mikolajczak thinks this is a big mistake. 'It's making me feel incredibly worried and incredibly angry', she tells the panel adding that the laws took years of negotiations of compromise to be adopted. The panel also reflected on the EU Trade Commissioner's visit to Washington DC this week to stave off a full-blown trade war. The EU has said it is open to working with President Trump to lower duties for industrial goods and increase the purchase of US products. 'The problem is you never know with Donald Trump. The thing to do with him is you have to take him seriously, but not literally', Cory Bennet quipped.
