The EU is planning comprehensive improvements and simplifications for corporate sustainability reporting. The aim is to reduce bureaucracy and at the same time increase transparency in sustainability issues. Small and medium-sized enterprises (SMEs) in particular are to benefit from simplified reporting obligations.
The draft of the first ‘omnibus package’ provides for far-reaching changes to key EU sustainability regulations: the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDD), the Carbon Border Adjustment Mechanism (CBAM) and the EU taxonomy.
A key point of the CBAM relief is the introduction of a de minimis threshold of 50 tonnes per year, which would free numerous smaller importers from bureaucratic obligations. In addition, the reporting requirements are to be simplified and the financial burden reduced by adjusting the advance payment obligations for CBAM certificates.
Before the EU proposals become law, they must go through the ordinary legislative procedure at European level.
Links:
EU-Pressemitteilung vom 26.02.2025
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