The European Commission’s Omnibus I package proposes major legislative changes to simplify sustainability reporting and due diligence rules, easing burdens on businesses, especially SMEs. Key measures include limiting CSRD reporting to large companies (1,000+ employees), postponing CSDDD deadlines, exempting small importers from CBAM obligations, and reducing EU Taxonomy data points by 70%, with voluntary reporting for mid-sized companies. While the package aims to cut over €6 billion in administrative costs, it raises concerns about regulatory uncertainty, particularly for businesses that have already invested in compliance preparations.
Learn more in this Omnibus Quick Take by ESG Book – EU-Omnibus-Proposal.pdf