Dr. Rachel Widdis:

I wanted to make a couple of points. I will come back to the point about five years. The omnibus could go anywhere. As this is level 1 of the European Union's law-making process, we could get less than an omnibus coming out. That is another real concern we have. It is not the case that it will be either the CSDDD or the omnibus package; it could be even less, in particular in the context that was alluded to. I will just note that concern. That would be a tragedy.

The second thing is to think about simplification in two buckets. Simplifying reporting is one thing, but hollowing out "prevent harm" is completely different. We need to be very clear on the difference between those two things. I would never call the impact that the omnibus would have on the CSDDD "simplification". It is not simplification; it is a hollowing out of key provisions. I get it from the reporting side, but I want to be very clear about those two things. I will stop there.