On 26 February 2025, the European Commission published its highly anticipated Omnibus Packages, consisting of a number of proposals which – according to the European Commission – are intended to “cut red tape and simplify EU rules for citizens and business”. The proposals introduce significant simplifications to the Corporate Sustainability Reporting Directive (“CSRD”), the Corporate Sustainability Due Diligence Directive (“CSDDD”), the EU Taxonomy and the Carbon Border Adjustment Mechanism (“CBAM”) (all included in the “Omnibus I” package), and to the InvestEU and EFSI Regulations (included in the “Omnibus II” package).
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