12.05.2025

Embracing the EU’s Simplification Omnibus package: Our view, your next steps​​

The EU’s Omnibus proposal is set to reduce short-term reporting pressure — but the push for sustainability reporting is far from over. ​

Here’s our perspective on what’s changing and how businesses should respond.​

While the EU’s Omnibus proposal aims to reduce the number of companies within the scope of the Corporate Sustainability Reporting Directive (CSRD) by an estimated 80%, it also aims to streamline regulatory demands and give wave 2 and 3 companies more time — helping businesses focus more effectively on sustainability.​

The ‘stop-the-clock’ directive has officially been approved by the European Parliament and brings the following changes to the previously approved reporting schedule:​

1. wave 1 – NFRD companies: no change, reporting on FY 2024​
2. wave 2 – Lare companies: two-year postponement, now reporting on FY 2027​
3. wave 3 – Listed SMEs: two-year postponement, now reporting on FY 2028.​

Clients tell us that the lack of clear regulatory direction is causing confusion.​

Our advice? Continue integrating sustainability into your strategy and operations — building momentum now will pay off when clearer guidance emerges.

Contact us: