Core Insights - The European Council adopted alterations to two major EU sustainability reporting bills, the CSRD and the Corporate Sustainability Due Diligence Directive, which are expected to remove 90% of companies from the CSRD's scope and 70% from the CSDDD's remit [3] Group 1: Sustainability Reporting Trends - A report by Osapiens indicates that European companies have integrated sustainability reporting into their overall strategy, with 24% of surveyed companies falling out of the CSRD's scope but still planning to collect and report sustainability data [4] - 90% of surveyed companies reported that sustainability reporting is integrated with financial reporting processes, with expectations for deeper collaboration in the coming year [5] Group 2: Business Decision Impact - Companies are utilizing sustainability data in critical business decisions, including operational and resource planning (52.8%), innovation and process design (47.7%), financial planning and investment decisions (38.1%), and supply chain risk assessment (38.1%) [6] Group 3: Future Expectations - Nearly 90% of companies excluded from the EU's Corporate Sustainability Reporting Directive intend to maintain or expand their sustainability reporting activities, with expectations to increase investment in sustainability reporting and automation [7] - However, 85% of respondents anticipate that reduced regulatory scrutiny will lead to fewer internal resources allocated to sustainability reporting, citing barriers such as fragmented data systems and unclear ownership [7]