With reference to the topic of sustainability, a paper on the 'Omnibus Regulation Proposal for Sustainable Finance' is attached below.

The document contains Confindustria's initial comments, in view of the initiative announced by the European Commission to consolidate the Corporate Sustainability Reporting Dirtective (CSRD), Taxonomy and Corporate Sustainability Due Diligence Directive (CS3D) disciplines into an Omnibus regulation, with the aim of reducing the regulatory burden for operators.

In addition to indicating some concrete priorities for action to achieve this goal, the document - also shared with institutional stakeholders active on the issue - also identifies the most appropriate path to balance sustainability goals with the industry's competitiveness goals.