CSRD & The Omnibus Package – Impact On SPVs

On 26 February 2025, the European Commission announced its omnibus proposals to simplify certain EU ESG laws. This announcement included proposals (the CSRD Omnibus Proposals) to amend the EU's Corporate Sustainability Reporting Directive (CSRD). The effect of the CSRD Omnibus Proposals, if adopted as proposed by the European Commission, would be to significantly scale back CSRD reporting obligations - which is a positive development from the perspective of Irish special purpose vehicles (SPVs).

This note outlines the potential impact of the CSRD Omnibus Proposals on Irish SPVs at a high-level. Irish companies come into scope for CSRD reporting on a phased basis. There is no specific carve-out for SPVs. Matheson has separately prepared and shared a detailed legal insight in relation to the CSRD Omnibus Proposals here.