The European Commission has announced two sweeping legislative packages, Omnibus I & II, aimed at reducing bureaucratic hurdles, simplifying compliance, and driving investment while maintaining the EU’s sustainability commitments.
Key Measures:
€6.3 billion in cost savings – Streamlined reporting and compliance measures will reduce administrative burdens for businesses.
CSRD scope cut by 80% – Small and mid-sized enterprises (SMEs) are relieved from mandatory sustainability reporting, with compliance deadlines extended to 2028.
€50 billion in new investment – Expansion of the InvestEU program will boost funding for clean technology, digital transformation, and infrastructure.
CBAM simplified – 90% of importers exempt from reporting while still ensuring 99% emissions coverage.
CSDDD eased – Due diligence requirements will focus only on direct business partners, reducing compliance burdens and delaying enforcement.
The reforms are part of the EU’s broader strategy to reduce administrative burdens by 25%, with a 35% reduction targeted for SMEs, ensuring competitiveness while preserving environmental and social governance (ESG) principles.
What’s Next?
The proposals are now under review by the European Parliament and Council, with key measures expected to be fast-tracked for approval.
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