The criteria determining which companies fall under the CSRD are changing:<\/p>\n
If your company falls under the CSRD, it will still be required to report on the EU Taxonomy, but with changes and exemptions.<\/p>\n
The European Commission\u2019s proposal is expected to have a significant impact on sustainability reporting requirements for companies. These simplifications will come into effect once approved by the European Parliament and the Council of the EU.
\nIf adopted:<\/p>\n
While companies outside the CSRD scope due to the Omnibus package will no longer have a mandatory reporting obligation, the European Commission encourages voluntary reporting, potentially using the Voluntary Standard for SMEs (VSME), which aligns with CSRD principles. Companies may also voluntarily choose to report under the full ESRS framework.<\/p>\n<\/div><\/div><\/div><\/div><\/div>
We understand that these changes may raise questions about their specific impact on your company. Our team is ready to assist you. Sources:<\/p>\n
On 26 February 2025, the European Commission adopted the Omnibus package, a set of proposals aimed at reducing the administrative burden on companies regarding sustainability reporting. This package introduces adjustments to the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy, and the Corporate Sustainability Due Diligence Directive (CSDDD).
The proposal will now be submitted to the European Parliament and the Council for their consideration and adoption. Although the Commission calls for priority for swift processing, the exact timeline for approval has not yet been established.
If the Omnibus proposal is adopted, what will be the implications for CSRD and EU Taxonomy? <\/p>\n","protected":false},"author":1,"featured_media":12559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[239],"tags":[277],"mediavorm":[413],"class_list":["post-17612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esg-sustainability-en","tag-shortheader-small-en","mediavorm-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/posts\/17612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/comments?post=17612"}],"version-history":[{"count":4,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/posts\/17612\/revisions"}],"predecessor-version":[{"id":17944,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/posts\/17612\/revisions\/17944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/media\/12559"}],"wp:attachment":[{"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/media?parent=17612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/categories?post=17612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/tags?post=17612"},{"taxonomy":"mediavorm","embeddable":true,"href":"https:\/\/bakertilly.be\/en\/wp-json\/wp\/v2\/mediavorm?post=17612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}