How to prepare for EU Omnibus changes?

CSRD

Annual reporting deferral

Proposal to postpone all CSRD reporting requirements for companies that are required to report in 2026 and 2027 (so-called "waves 2 and 3"), and postpone the transposition and first wave of CSDDD implementation by one year to 2028 .

CSRD and CSDDD will be aligned: 80% of companies exempt from reporting.

Companies with 1000 employees ann 50 MN EUR revenue and 25 MN EUR turnover will be affected

Revision of ESRS standards and cancellation of sector standards

The European Sustainability Reporting Standards (ESRS) will be revised to simplify them.

CSDD

Focus only on direct business partners

One of the key changes under the CSDDD is the focus only on direct business partners , rather than the entire supply chain to reduce the bureaucratic burden on smaller businesses.

Extension of assessment intervals from 1 to 5 years

Increase in the interval between assessments from one to five years.

Change in the sanctions regime

The new fines regime will remove the link between fines and net turnover.

Get ready for Omnibus

EU Taxonomy

Reporting obligation only for large companies

Only "very large companies" will now have to report, with a threshold set at 1,000 employees and 450 MN EUR.

Exemption of 80% of companies from the obligation to report according to the taxonomy

As a result of these changes, more than 80% of companies will be exempted from the obligation to report according to the taxonomy.

The long-awaited simplification package is here. What major changes does it bring?

The European Commission unveiled the shape of the "Omnibus Simplification Package" , which is intended to facilitate non-financial reporting and ultimately reduce the bureaucratic burden on companies.

The most fundamental changes are:

The first wave of reporting is postponed
Mandatory reporting is to apply to companies with more than 1,000 employees and either a turnover of over EUR 50 million or a balance sheet total of over EUR 25 million.
Taxonomy will be mandatory from 1,000 employees and net turnover of EUR 450 million
CBAM for importers with more than 80 tons of goods .