![\"Two](\"https:\/\/globalconnectadmin.com\/wp-content\/uploads\/2025\/07\/EU-Omnibus-Package-300x174.png\")
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President of the European Commission, Ursula von der Leyen said: “Simplification promised, simplification delivered! We are presenting our first proposal for far-reaching simplification. EU companies will benefit from streamlined rules on sustainable finance reporting, sustainability due diligence and taxonomy. This will make life easier for our businesses while ensuring we stay firmly on course toward our decarbonisation goals. And more simplification is on the way”.<\/p>\n
Changes proposed by Omnibus I<\/strong><\/p>\n Proposed changes include amendments to the Corporate Sustainability Reporting Directive (CSRD), EU Taxonomy, the Corporate Sustainability Due Diligence Directive (CSDDD) and Carbon Border Adjustment Mechanism (CBAM)<\/p>\n <\/p>\n Key changes in the area of sustainability reporting (CSRD and EU Taxonomy):<\/p>\n <\/p>\n Key changes in the area of sustainability due diligence (CSDDD)<\/p>\n <\/p>\n Key changes to CBAM:<\/p>\n <\/p>\n \u00a0<\/strong>Further Developments<\/strong><\/p>\n On 3 April 2025, the European Council approved the Commission\u2019s “stop-the-clock” proposal. This proposal postpones the dates of application of certain corporate sustainability reporting and due diligence requirements, as well as the transposition deadline of the due diligence provisions.<\/p>\n The stop-the-clock proposal will postpone:<\/p>\n Following the adoption, the legislative act will be published in the EU\u2019s Official Journal and enter into force on the day following that of this publication. Member states must transpose this directive into their national legislation by 31 December 2025.<\/p>\n <\/p>\n Recent Developments<\/strong><\/p>\n On 25 June 2025, the European Council reached an agreement on its negotiating position regarding the substantive changes to CSRD and CSDDD. The key takeaways of the position which expand on the Commission\u2019s Omnibus are as follows:<\/p>\n On CSRD the Council supports the Commission proposal on scoping for EU companies to set a threshold of 1,000\u00a0employees, but go beyond the initial proposal to increase the financial net turnover threshold on an individual or group level to \u20ac450 million in net turnover (from \u20ac50 million).<\/p>\n While Omnibus I did not propose any changes to the scope of CSDDD, the Council proposes that the threshold should be increased to 5,000 employees (from 1,000 employees) and \u20ac1.5 billion net turnover (from \u20ac450 million). The Council further agrees that the CSDDD transposition deadline should be deferred by one year, to 26 July 2028.<\/p>\n Voting on the final position by the Members of European Parliament is expected in October 2025. The Parliament and the Council will then enter into trilogue negotiations with the Commission aiming to find a common final agreement on the amendments to the CSDDD and CSRD, which will likely not be reached before 2026.<\/p>\n <\/p>\n https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_25_614<\/a> <\/span><\/p>\n \u00a0<\/span>https:\/\/finance.ec.europa.eu\/news\/omnibus-package-2025-04-01_en<\/a><\/span><\/p>\n https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2025\/04\/14\/simplification-council-gives-final-green-light-on-the-stop-the-clock-mechanism-to-boost-eu-competitiveness-and-provide-legal-certainty-to-businesses\/<\/a> \u00a0<\/span><\/p>\n https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2025\/06\/23\/simplification-council-agrees-position-on-sustainability-reporting-and-due-diligence-requirements-to-boost-eu-competitiveness\/<\/a> <\/span><\/p>\n https:\/\/www.deloitte.com\/nl\/en\/issues\/climate\/omnibus-csrd-csddd-eu-taxonomy.html<\/a> <\/span><\/p>\n Photo by Mikhail Nilov: https:\/\/www.pexels.com\/photo\/law-book-in-a-podium-8730785\/<\/a> <\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":" President of the European Commission, Ursula von der Leyen said: “Simplification promised, simplification delivered! We are presenting our first proposal for far-reaching simplification. EU companies will benefit from streamlined rules on sustainable finance reporting, sustainability due diligence and taxonomy. This will make life easier for our businesses while ensuring we stay firmly on course toward […]<\/p>\n","protected":false},"author":4,"featured_media":15775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"[et_pb_section fb_built=\"1\" _builder_version=\"4.16\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_row _builder_version=\"4.16\" background_size=\"initial\" background_position=\"top_left\" background_repeat=\"repeat\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"4_4\" _builder_version=\"4.16\" custom_padding=\"|||\" global_colors_info=\"{}\" custom_padding__hover=\"|||\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.27.4\" background_size=\"initial\" background_position=\"top_left\" background_repeat=\"repeat\" hover_enabled=\"0\" global_colors_info=\"{}\" theme_builder_area=\"post_content\" sticky_enabled=\"0\"] President of the European Commission, Ursula von der Leyen said: \"Simplification promised, simplification delivered! We are presenting our first proposal for far-reaching simplification. EU companies will benefit from streamlined rules on sustainable finance reporting, sustainability due diligence and taxonomy. This will make life easier for our businesses while ensuring we stay firmly on course toward our decarbonisation goals. And more simplification is on the way\".<\/p>\n Changes proposed by Omnibus I<\/strong><\/p>\n Proposed changes include amendments to the Corporate Sustainability Reporting Directive (CSRD), EU Taxonomy, the Corporate Sustainability Due Diligence Directive (CSDDD) and Carbon Border Adjustment Mechanism (CBAM)<\/p>\n <\/p>\n Key changes in the area of sustainability reporting (CSRD and EU Taxonomy):<\/p>\n <\/p>\n Key changes in the area of sustainability due diligence (CSDDD)<\/p>\n <\/p>\n Key changes to CBAM:<\/p>\n <\/p>\n \u00a0<\/strong>Further Developments<\/strong><\/p>\n On 3 April 2025, the European Council approved the Commission\u2019s \"stop-the-clock\" proposal. This proposal postpones the dates of application of certain corporate sustainability reporting and due diligence requirements, as well as the transposition deadline of the due diligence provisions.<\/p>\n The stop-the-clock proposal will postpone:<\/p>\n Following the adoption, the legislative act will be published in the EU\u2019s Official Journal and enter into force on the day following that of this publication. Member states must transpose this directive into their national legislation by 31 December 2025.<\/p>\n <\/p>\n Recent Developments<\/strong><\/p>\n On 25 June 2025, the European Council reached an agreement on its negotiating position regarding the substantive changes to CSRD and CSDDD. The key takeaways of the position which expand on the Commission\u2019s Omnibus are as follows:<\/p>\n On CSRD the Council supports the Commission proposal on scoping for EU companies to set a threshold of 1,000\u00a0employees, but go beyond the initial proposal to increase the financial net turnover threshold on an individual or group level to \u20ac450 million in net turnover (from \u20ac50 million).<\/p>\n While Omnibus I did not propose any changes to the scope of CSDDD, the Council proposes that the threshold should be increased to 5,000 employees (from 1,000 employees) and \u20ac1.5 billion net turnover (from \u20ac450 million). The Council further agrees that the CSDDD transposition deadline should be deferred by one year, to 26 July 2028.<\/p>\n Voting on the final position by the Members of European Parliament is expected in October 2025. The Parliament and the Council will then enter into trilogue negotiations with the Commission aiming to find a common final agreement on the amendments to the CSDDD and CSRD, which will likely not be reached before 2026.<\/p>\n <\/p>\n https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_25_614<\/a> <\/span><\/p>\n \u00a0<\/span>https:\/\/finance.ec.europa.eu\/news\/omnibus-package-2025-04-01_en<\/a><\/span><\/p>\n https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2025\/04\/14\/simplification-council-gives-final-green-light-on-the-stop-the-clock-mechanism-to-boost-eu-competitiveness-and-provide-legal-certainty-to-businesses\/<\/a> \u00a0<\/span><\/p>\n https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2025\/06\/23\/simplification-council-agrees-position-on-sustainability-reporting-and-due-diligence-requirements-to-boost-eu-competitiveness\/<\/a> <\/span><\/p>\n\n
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Sources:<\/h3>\n
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Sources:<\/h3>\n