Simplification of Sustainability Reporting Requirements by the EU’s Omnibus Package
On 26 February 2025, the European Commission adopted the Omnibus package, a set of proposals aimed at reducing the administrative burden on companies regarding sustainability reporting. This package introduces adjustments to the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy, and the Corporate Sustainability Due Diligence Directive (CSDDD).
The proposal will now be submitted to the European Parliament and the Council for their consideration and adoption. Although the Commission calls for priority for swift processing, the exact timeline for approval has not yet been established.