On 26 February 2025, the European Commission published an “Omnibus package” aimed at simplifying and aligning its sustainability reporting and due diligence laws.
The Omnibus seeks to introduce amendments to the EU Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CS3D) and Taxonomy reporting. The proposal consists of two draft Directives which cover, respectively, a) dates for implementation and b) scope of application and substantive requirements.
In our briefing note we consider the substantive amendments to the CSRD and CS3D and the new thresholds and implementation dates.