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 competitive, as set out in the Competitiveness Compass published earlier this year.
ICI has prepared two documents, a briefing which summarises the proposed amendments relevant to the CS3D and the CSRD; and a summary which sets out the the main aspects of the proposed amendments between the CS3D (adopted in July 2024) and the Omnibus proposal issued on the 26th February 2025. Both are available for download below.