US EditionThe EU’s Omnibus Package: A Step Back on Sustainability?
- On February 26, 2025, the European Commission published the Omnibus Package, proposing changes to sustainability regulations affecting finance disclosure and corporate behavior, among others.
- The proposed changes include increasing compliance thresholds for sustainability reporting from 500 to 1,000 employees for EU large undertakings starting in FY 2027.
- The Omnibus Package requires approval from both the European Parliament and a majority of EU member states to become law, amidst significant criticism regarding its potential impact on sustainability efforts.
- The European Commission aims to ease sustainability reporting, but many critics warn this may impact green growth and corporate accountability.
18 Articles
18 Articles
"The European omnibus simplification bill is a strategic reorientation that gives companies more flexibility and responsibility"
TRIBUNE. By easing the obligations of companies, but aligning them with the standards of the companies most committed to a sustainable economy, the European Union intends to restore its full meaning to corporate social responsibility, explains Nathalie Gimenes, Doctor of Management Sciences, in a forum at the "World".
The Clean Industrial Deal
The European Commission crafted a new strategy to funnel money into climate change initiatives—The Clean Industrial Deal (CID). The European Union has watched as these net zero carbon goals slowly strangle their economies. Yet, those in charge believe they can achieve net zero by 2050 through perpetual spending. The Clean Industrial Deal will allegedly help “energy-insensitive” sectors remain competitive through a €100 billion spending package. …
Europe prepares to reopen GDPR: what the new EU omnibus package means for data protection
Following the EU’s recent unravelling of sustainability regulations through its Omnibus package, the EU is now poised to revisit the General Data Protection Regulation (GDPR) as part of another upcoming omnibus simplification package expected as early as April. The proposed changes to GDPR will have a particular focus on easing compliance burdens for small and mid-sized enterprises (SMEs). EU Justice Commissioner Didier Reynders recently confir…
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