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ARTICLE · 14 AUGUST 2025

ESG - Omnibus Package I CSRD & Taxonomy Changes

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On 26 February 2025 the European Commission published a new package of proposals to simplify and reduce the reporting requirements under Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy (EUT), and the Corporate Sustainability Due Diligence Directive (CSDDD), the Omnibus package.

LuxembourgCorporate/Commercial Law
Isabel Høg-Jensen
Isabel Høg-Jensen
Alexandra Vizitiu
Alexandra Vizitiu

Background

On 26 February 2025 the European Commission published a new package of proposals to simplify and reduce the reporting requirements underCorporate Sustainability Reporting Directive(CSRD), theEU Taxonomy(EUT), and theCorporate Sustainability Due Diligence Directive(CSDDD), the Omnibus package.

This proposal marks an effort to enhance competitiveness and investment capacity, by decreasing administrative burdens and compliance stringency under the applicable overlapping directives and distinct regimes.

This article provides an overview of the proposed changes to the EUT and CSRD regimes. For more details on the CSDDD proposed amendments, please consult our separate newsletter article on Omnibus Package regarding CSDDD.

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