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ARTICLE · 04 MARCH 2025

CSRD And The Omnibus Package – What's Changing?

McCann FitzGerald LLP
McCann FitzGerald LLP
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McCann FitzGerald LLP

McCann FitzGerald LLP

McCann FitzGerald LLP’s London office acts for Irish, UK and international clients on Irish law...

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On 26 February 2025, the EU Commission published a package of proposals aimed at simplifying EU rules, boosting competitiveness...

European UnionCorporate/Commercial Law
Éamon Ó Cuív
Éamon Ó Cuív
Martin O'Neill
Martin O'Neill

Introduction

On 26 February 2025, the EU Commission published a package of proposals aimed at simplifying EU rules, boosting competitiveness, and unlocking additional investment capacity (the "Omnibus Proposals"). The Omnibus Proposals build on the recommendations made by Mario Draghi in his report released in September 2024, where he identified reducing the regulatory burden as one of the key building blocks of a new industrial strategy for the EU. The proposal also forms part of the 'simplification revolution' that was flagged by Ursula von der Leyen in her Budapest Declaration of 8 November 2024 where she committed to 'drastically reducing administrative, regulatory and reporting burdens, in particular for SMEs'.

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