Omnibus I
The European Commission has announced two so-called omnibus proposals that are intended to make things easier for businesses and reduce the administrative burden. The first of these is Omnibus I, which contains simplification proposals for four pieces of legislation. Learn more about these pieces of legislation and what they can mean for you as a business owner. Omnibus I is a proposal and the adopted legislation applies until further notice.
Omnibus I innehåller förenklingsförslag för följande lagstiftning
Corporate Sustainability Reporting (CSRD) included European Sustainability Reporting Standards (ESRS)
Decided
- Postpone the implementation of the Directive for companies covered by the CSRD until 2028. The proposal would cover large companies that have not yet started to comply with the CSRD and for listed SMEs (waves 2 and 3).
Proposal
- Only companies with at least 1000 employees and either EUR 50 million in turnover or EUR 25 million in balance sheet will be subject to the CSRD. The proposal would reduce the number of companies that need to report under the CSRD by 80%.
- Companies that are no longer subject to the CSRD can choose to report voluntarily according to a simplified standard (VSME).
- Remove the least significant data points in the ESRS and prioritize quantitative data points over descriptive text.
More information:
Corporate sustainability reporting at the European Commission
Sustainability reporting at FI
Corporate sustainability due diligence directive (CSDDD)
Decided
- Postpone implementation by one year for the largest companies, meaning they will come into effect on 26 July 2028. Guidelines for companies to comply with the new requirements will be published in July 2026.
Proposal
- Reduced number of supply chain audits from once a year to once every five years.
- Companies’ due diligence work is limited to direct business partners instead of the entire supply chain. Non-direct business partners are to be investigated if there are reasonable grounds to believe that adverse impacts have occurred or may occur there.
EU taxonomy for sustainable activities
Proposal
- Only companies with over 1000 employees and 450 million euros in turnover are subject to mandatory reporting requirements in accordance with the EU taxonomy. Voluntary reporting for all other companies.
More information:
EU Taxonomi at FI
Carbon Border Adjustment Mechanism (CBAM)
Proposal
- Only companies that import more than 50 tonnes per year will have to report and pay a fee in accordance with CBAM. This would mean that around 90 percent of all companies currently covered by CBAM commitments will not do so in the future. However, according to the European Commission, the change means that around 99% of emissions will still be covered by CBAM. For companies still affected by CBAM, regulatory simplifications are proposed, with a focus on the approval of CBAM declarants and rules related to CBAM commitments.
More information:
About CBAM at the European Commission
From: Swedish Agency for Economic and Regional Growth