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ARTICLE · 20 JANUARY 2025

The Simplification Revolution And The Omnibus: What's Next For EU Sustainability Reporting And Disclosure?

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More competitiveness, more coherence and less administrative burden – these are key political priorities for the new European Commission (the Commission) which took office last December.

GlobalEnvironment
Matthew Townsend
Matthew Townsend
Arthur Sauzay
Arthur Sauzay
Ying-Peng Chin
Ying-Peng Chin
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More competitiveness, more coherence and less administrative burden – these are key political priorities for the new European Commission (the Commission) which took office last December. One of the earliest moves under the Commission's new mandate will be to publish details of an "omnibus" package, anticipated on February 26, 2025. It is intended to "reduce in one step" the reporting burdens across multiple EU laws, for example the Taxonomy Regulation, the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D).

This briefing explains the key drivers for the omnibus legislation, the reactions it has drawn from within and outside the EU, and the great unknowns and critical questions that remain for businesses.

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