
Omnibus Simplification Package of the European Commission
On 26 February the European Commission published the 'Omnibus Simplification Package' (the Omnibus Package). Aimed at improving the EU's competitiveness and enhancing the European Union’s prosperity and economic growth, the Omnibus Package includes proposals to alleviate the burdens on undertakings arising from the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), and to reduce and simplify the obligations under them.