Mid December 2025, the European Parliament, European Commission and the Council of the European Union concluded their trilogue negotiations with their provisional agreement on the European Commission’s Omnibus package. The final text of the Omnibus Directive was adopted by the Council of the European Union on 24 February 2026 and was published in the EU Official Journal on 26 February 2026. Aiming to simplify the EU’s sustainability reporting framework, the Omnibus package covers, among other items, the CSRD, the CSDDD, and the EU Taxonomy Regulation. The Omnibus Directive has many aims, one being to set out the scoping criteria for both the CSRD and the CSDDD. In short on the CSDDD, due diligence obligations will apply only to (i) large EU entities with more than 5,000 employees and net annual turnover exceeding EUR 1.5 billion, and (ii) non-EU entities with turnover exceeding EUR 1.5 billion generated within the EU. The remainder of this blog focuses on the updates from the CSRD’s perspective.
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