EU Omnibus Proposals May Substantially Scale Down CSRD Reporting Obligations Download On 26 February, 2025 the European Commission released a package of proposals (“omnibus package”) aimed at significantly scaling down several sustainability regulations in the European Union that are either in effect already or about to take effect. This is a fulfilment of commission President Ursula von der Leyen’s vow last year to reduce reporting burden for businesses by 25% (35% for small and medium entities, or SMEs).The main regulations affected are the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), the European Union Taxonomy Regulation (EU Taxonomy), the Carbon Border Adjustment Mechanism (CBAM), and InvestEU.These are proposals, not a final regulatory decision. The proposals need to make their way through the review, comment and approval process and then be implemented as law in each of the EU member states. Companies should stay tuned to developments even as they prepare for compliance in the near term. Download Topics Risk Management and Regulatory Compliance Industries Financial Services How Protiviti Can Help Sustainability, and sustainability reporting, is a continuous journey, presenting new risks and opportunities. There are no blueprints or out-of-the-box solutions, and each company needs an individualized and holistic approach to environmental, social and governance (ESG) reporting and operations to manage its high level of complexity and position the organization for continued, long-term success.At Protiviti, we leverage our reporting and regulatory expertise and our strategic partnerships to help clients define and build a seamless sustainability reporting process. We assist companies with defining and aligning sustainability metrics to strategy and regulatory expectations, support the reporting process with innovative data and analytics solutions, and facilitate audit and assurance readiness so they can face a sustainable future with confidence.
