Welcome to Better Europe's weekly update on EU Affairs. DAMAGE OF OMNIBUS I FINALLY DOCUMENTED Remember the days of evidence-based policy-making? When the Commission's Better Regulation strategy was still being applied? Well, we're far away from the return of the impact assessment -- the Commission is planning to present a package revamping its rules on how to engage with stakeholders and how to estimate the impact of different policy options on 28 April. Potentially on the agenda: replace stakeholder consultation by implementation 'dialogues' to understand corporate compliance concerns, replace public consultations with an intimate 'reality check' session with a few friends in the Commission's headquarters, and followed by a quick 48-hour internal inter-service consultation. The manual will likely echo the process of the EU's deregulated corporate sustainability reporting and responsibility…

On 25 October 2023, the European Economic and Social Committee adopted a report by Krzysztof Balon on the transparency and integrity of Environmental, Social and Governance (ESG) ratings, on which Better Europe’s senior consultant Yiorgos Vassalos acted as advisor to the rapporteur. In the report, the EESC recommends the adoption of minimum quality requirements for ESG ratings, such as the mandatory inclusion of the assessment of company impact on people and the environment (double materiality). It also proposes reinforcing the provisions against conflicts of interest, improved transparency by moving more information on the methodology of ratings to the public domain, and a lot more. The full EESC opinion was adopted in plenary with 166 votes in favour, 2 against, and 2 abstentions, and several Members of the European Parliament have…