A major shift is coming – is your business ready?
On 26th February 2025, the European Commission is set to unveil its Omnibus Simplification Package, designed to streamline and enhance existing regulatory frameworks across multiple sectors. While the goal is to reduce the administrative burden for businesses—by 25% overall and 35% for SMEs—this regulatory overhaul will bring significant compliance challenges in the short term.
This blog will explore what the Omnibus means for ESG reporting and, more importantly, how your business can stay ahead of the curve. We’ll continue to update this post as new details emerge, so check back regularly!
What is the EU Omnibus?
The EU Omnibus is a regulatory simplification package designed to harmonize and enhance sustainability regulations. It focuses on:
- Aligning key sustainability regulations to eliminate inconsistencies and redundancies.
- Increasing transparency by strengthening corporate disclosure requirements.
- Enhancing compliance to ensure sustainability reporting remains enforceable and effective.
While simplification sounds like a welcome change, it also means new compliance adjustments that businesses must prepare for—so now is the time to take action.
How will the EU Omnibus affect ESG reporting?
Three core sustainability regulations will be impacted:
- Corporate Sustainability Reporting Directive (CSRD)
- Corporate Sustainability Due Diligence Directive (CSDDD)
- EU Taxonomy
The CSRD is expected to become aligned with CSDDD, so that companies with fewer than 1,000 employees will no longer be in scope and required to report under the regulation – this could remove around 85% of companies currently in scope.
The double materiality aspect of CSRD may also be revised, instead focusing on single (financial) materiality, which may require updates to the European Sustainability Reporting Standards (ESRS).
While the aim of the omnibus is to simplify reporting, due diligence, and taxonomy, and to reduce administrative burdens, some stakeholders are concerned that weakening these regulations could undermine investor confidence and slow Europe’s green transition.
So, what does this mean for your business? Even though reporting may become more streamlined, disclosure requirements will remain stringent, and the pressure for robust, accurate ESG data is only increasing.
What should organisations do to prepare?
The EU Omnibus represents a major shift in ESG reporting and businesses that act now will have a competitive edge. Here’s how to stay ahead:
Get ahead of regulatory changes
Familiarize yourself with CSRD, CSDDD, and the EU Taxonomy to understand how the Omnibus will impact your reporting obligations.
Upgrade your ESG data processes
Even as reporting requirements evolve, data quality and accuracy will be critical. Ensure you have centralized, efficient ESG data management in place before changes take effect.
Invest in ESG reporting software now
With new compliance updates on the horizon, manual reporting won’t cut it. ESG reporting platforms, like KEY ESG, integrate with your existing systems to:
- Automate complex reporting processes
- Ensure real-time regulatory compliance
- Minimize administrative burden
- Enhance data accuracy and audit readiness
- Turn ESG reporting into a strategic advantage
💡Early adoption will save time, reduce compliance risks, and future-proof your business.
Stay Informed & Proactive
The regulatory landscape is evolving fast. Stay ahead by:
- Monitoring updates from organizations like EFRAG.
- Participating in consultations to help shape future ESG standards.
- Leveraging expert insights and resources.
As well as our regular informative blog articles, KEY ESG offers our customers exceptional support and a huge knowledge library to help them stay informed.
Plus, as a Friend of EFRAG, KEY ESG stays ahead of regulatory shifts and ensures our customers remain compliant with the latest ESG reporting standards. We support the development of draft ESRS and contribute to the progress of corporate reporting.
Three key ways to take action
📌 Request a demo to see how KEY ESG can help you navigate the Omnibus and simplify your ESG reporting.
📌 Join our CSRD Compliance webinar on February 27 in partnership with Proskauer, where we’ll break down the latest Omnibus regulations and their impact on CSRD compliance across borders.
🚀 Don’t wait—regulatory changes are coming. Invest in ESG reporting software today and turn compliance into a competitive advantage.
A major shift is coming – is your business ready?
On 26th February 2025, the European Commission is set to unveil its Omnibus Simplification Package, designed to streamline and enhance existing regulatory frameworks across multiple sectors. While the goal is to reduce the administrative burden for businesses—by 25% overall and 35% for SMEs—this regulatory overhaul will bring significant compliance challenges in the short term.
This blog will explore what the Omnibus means for ESG reporting and, more importantly, how your business can stay ahead of the curve. We’ll continue to update this post as new details emerge, so check back regularly!
What is the EU Omnibus?
The EU Omnibus is a regulatory simplification package designed to harmonize and enhance sustainability regulations. It focuses on:
- Aligning key sustainability regulations to eliminate inconsistencies and redundancies.
- Increasing transparency by strengthening corporate disclosure requirements.
- Enhancing compliance to ensure sustainability reporting remains enforceable and effective.
While simplification sounds like a welcome change, it also means new compliance adjustments that businesses must prepare for—so now is the time to take action.
How will the EU Omnibus affect ESG reporting?
Three core sustainability regulations will be impacted:
- Corporate Sustainability Reporting Directive (CSRD)
- Corporate Sustainability Due Diligence Directive (CSDDD)
- EU Taxonomy
The CSRD is expected to become aligned with CSDDD, so that companies with fewer than 1,000 employees will no longer be in scope and required to report under the regulation – this could remove around 85% of companies currently in scope.
The double materiality aspect of CSRD may also be revised, instead focusing on single (financial) materiality, which may require updates to the European Sustainability Reporting Standards (ESRS).
While the aim of the omnibus is to simplify reporting, due diligence, and taxonomy, and to reduce administrative burdens, some stakeholders are concerned that weakening these regulations could undermine investor confidence and slow Europe’s green transition.
So, what does this mean for your business? Even though reporting may become more streamlined, disclosure requirements will remain stringent, and the pressure for robust, accurate ESG data is only increasing.
What should organisations do to prepare?
The EU Omnibus represents a major shift in ESG reporting and businesses that act now will have a competitive edge. Here’s how to stay ahead:
Get ahead of regulatory changes
Familiarize yourself with CSRD, CSDDD, and the EU Taxonomy to understand how the Omnibus will impact your reporting obligations.
Upgrade your ESG data processes
Even as reporting requirements evolve, data quality and accuracy will be critical. Ensure you have centralized, efficient ESG data management in place before changes take effect.
Invest in ESG reporting software now
With new compliance updates on the horizon, manual reporting won’t cut it. ESG reporting platforms, like KEY ESG, integrate with your existing systems to:
- Automate complex reporting processes
- Ensure real-time regulatory compliance
- Minimize administrative burden
- Enhance data accuracy and audit readiness
- Turn ESG reporting into a strategic advantage
💡Early adoption will save time, reduce compliance risks, and future-proof your business.
Stay Informed & Proactive
The regulatory landscape is evolving fast. Stay ahead by:
- Monitoring updates from organizations like EFRAG.
- Participating in consultations to help shape future ESG standards.
- Leveraging expert insights and resources.
As well as our regular informative blog articles, KEY ESG offers our customers exceptional support and a huge knowledge library to help them stay informed.
Plus, as a Friend of EFRAG, KEY ESG stays ahead of regulatory shifts and ensures our customers remain compliant with the latest ESG reporting standards. We support the development of draft ESRS and contribute to the progress of corporate reporting.
Three key ways to take action
📌 Request a demo to see how KEY ESG can help you navigate the Omnibus and simplify your ESG reporting.
📌 Join our CSRD Compliance webinar on February 27 in partnership with Proskauer, where we’ll break down the latest Omnibus regulations and their impact on CSRD compliance across borders.
🚀 Don’t wait—regulatory changes are coming. Invest in ESG reporting software today and turn compliance into a competitive advantage.
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