Omnibus Package Unpacked: Ask an Expert

Feeling confused about the Omnibus Simplification package and what it means for your organization? Watch this Q&A session on-demand to hear answers to frequently asked questions. 

This recording covers:

• Update on the legislative process, and outcome of the vote in the European Parliament on the so-called Stop the Clock proposal to delay CSRD and CS3D on 3rd April
• Recap on the context of the proposed Omnibus Simplification package through a pre-recorded session with Dan Dionisie from the European Commission's Directorate-General for Justice and Consumers (DG JUST) and Fredré Ferreira, Governance Lead at the European Financial Reporting Advisory Group (EFRAG)
• Live Q&A to answer your burning questions from scope to new requirements 

Speakers:

• Victoria Chartier, Corporate Affairs Manager, EcoVadis
• Melina De Andrade Goncalves, Solution Management Senior Expert, EcoVadis

Background:

The Omnibus Simplification package, announced on 26 February by the European Commission, aims to streamline four sustainability regulations - the CSRD (Corporate Sustainability Reporting Directive), CSDDD (Corporate Sustainability Due Diligence Directive), CBAM (Corporate Border Adjustment Mechanism) and the EU Taxonomy. The objective is to reduce administrative and reporting burdens and lower the cost of compliance for companies, in a bid to boost competitiveness in the EU block.

The European Commission presented two proposals:

• The so-called Stop the Clock proposal, which would delay the application of the Corporate Sustainability Reporting Directive (CSRD) by two years and the Corporate Due Diligence Directive (CSDDD) by one year
• Another proposal to make substantive changes to CSRD, CSDDD and CBAM, reducing the scope and updating requirements for companies in scope

Find out more in our dedicated blog summarizing the proposals.