European Commission Presents “Omnibus” Simplification Package with Amendments to CSRD, CSDDD, CBAM and Taxonomy

By Tim Baines, Sam Eastwood, Peter Pears, Johannes Weichbrodt, Dylan Geraets, James Ford, Teresa Gerhold, Patrick Scholl, Luisa-Sophie Dany & Marcel Hörauf on March 4, 2025

Other authors: Dušan Stojković

On 26 February 2025, the European Commission (“Commission”) published its “Omnibus I” or “Sustainability Omnibus” package as part of its mission to improve the competitiveness of the European Union. The Omnibus Package foresees changes to several EU instruments pertaining to sustainability reporting under the Corporate Sustainability Reporting Directive (“CSRD”) and Taxonomy Regulation, sustainability due diligence under the Corporate Sustainability Due Diligence Directive (“CSDDD”), and imports of carbon-intensive products under the Carbon Border Adjustment Mechanism (“CBAM”). The Commission aims to “cut red tape” and “simplify EU rules for citizens and business” by means of this Omnibus Package.