ICI summary: EU omnibus simplification package on sustainability rules and key changes to the EU CS3D
On 26th February 2025, the European Commission unveiled its proposal for an omnibus simplification package, which aims at reducing regulatory burden through simplifying and therefore amending the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CS3D), and taxonomy delegated acts. Building on recommendations of the last year’s “ Draghi report” which addresses EU’s competitiveness, this proposal follows announcements made by Ursula von der Leyen in November 2024 and the European Commission’s vision to make EU’s economy more prosperous and