In short: On 26 February 2025, the European Commission proposed an Omnibus simplification package affecting the CSRD, the EU Taxonomy and the CSDDD, including postponing some reporting obligations and narrowing scope.
What does the Omnibus propose?
- Postponing reporting for companies in later CSRD waves
- Reducing the number of companies in scope
- Simplifying due diligence requirements
What should companies do?
Monitor the legislative process, keep building reliable ESG data processes and avoid pausing work that also serves customers and investors.
Key takeaways
- The Omnibus aims to reduce sustainability reporting burden.
- Scope and timelines may change.
- Good ESG data practices remain valuable.
Frequently asked questions
Has CSRD been cancelled?
No. The Omnibus proposes changes and delays; final rules depend on EU legislative adoption.
Should we stop ESG work?
Most organizations continue, as customers, investors and lenders still expect ESG information.
Where can I follow updates?
Official European Commission and EU Council publications.