ESG Legal Update: Central And Eastern Europe And Central Asia Regions

ESG in CEE and Central Asia : Regulatory Uncertainty and the Impact of Omnibus I

The end of 2024 and the beginning of 2025 marked a period of uncertainty in the ESG regulatory landscape. Across both Kinstellar's EU and non-EU jurisdictions, stakeholders awaited the Omnibus I package, expected to introduce significant changes to ESG compliance and reporting frameworks.

The release of Omnibus I in late February 2025, the implementation of key directives, particularly the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), all brought new uncertainties. Regulators are now reassessing their legislative roadmaps, with potential delays in national transpositions and even postponements of already implemented ESG regulations.