EU member states in the European Council voted on Tuesday to approve an agreement to significantly scale back sustainability reporting and due diligence requirements for companies under the “Omnibus I” simplification package.
The green light by EU states marks the last major step towards the final adoption of the new rules to dramatically cut back the number of companies covered by key pieces of sustainability legislation, including the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Dramatically Reduced Scope
The final Omnibus agreement went much farther in cutting sustainability reporting and due diligence obligations for companies than the package initially proposed by the European Commission in early 2025.
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