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How to navigate the EU Omnibus Simplification Package - Key implications for companies.
Read more on how the European Commission's proposed amendments impact the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CS3D), the EU Taxonomy Regulation (EUTR), and the Carbon Border Adjustment Mechanism (CBAM).
Key insights:
- Current Status and Timeline: What are the immediate implications of the "stop-the-clock" directive on companies?
- Legislative Process: How will the proposed amendments be negotiated within the European Parliament and Council, and what's next?
- Impact on companies: Which key opportunities and risks could arise for impacted companies and what specific actions should be taken now?
- Sustainability Reporting Standards: How will the simplification of the European Sustainability Reporting Standards (ESRS) affect the amount of data points companies need to report?
- Sustainable business models: What strategies should companies implement to address stakeholder needs, manage value chain risks, drive the sustainability agenda, and keep market leadership with "no regret" actions?
Authors:
Jan Niewold, Andrew Hobbs
Publication:
07 March 2025
Language:
English
Number of pages:
35
Document type:
Report
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Related webcast
The Omnibus Simplification Package (“Omnibus”) is part of the European Commission's commitment to reduce wider sustainability reporting burdens.
06 Mar 2025 | 16:00 your local time