At the end of February 2025, the European Commission adopted its first “omnibus packages” to reduce the administrative burden on companies in sustainability reporting. It includes proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity.
These first “omnibus packages” thus include simplifications in the areas of sustainable financial reporting, due diligence in the field of sustainability, EU taxonomy, CO₂ border adjustment mechanism, and European investment programs. The aim is to reduce the bureaucratic burden on companies, especially SMEs.
The EU's “omnibus proposals” reduce the number of companies subject to reporting requirements and weaken the scope of the CSRD.