EU Council agrees position on EC omnibus proposals to boost EU competitiveness
EU Council agrees position on EC omnibus proposals to boost EU competitiveness
The Council of the European Union (EU) agreed on its stance regarding the omnibus proposals from the European Commission (EC) published in February 2025.
The EC proposed in the Omnibus package to amend the Corporate Sustainability Reporting Directive (CSRD) to include entities with over 1,000 employees and a net turnover exceeding EUR 50 million or a balance sheet total over EUR 25 million, i.e. to remove listed SMEs from the scope of the directive.
The Council accepted the 1,000 employee threshold, however added a net turnover threshold of over EUR 450 million to reduce the reporting burden.
Additionally, the Council proposed changes to the Corporate Sustainability Due Diligence Directive (CSDDD), raising the scope to entities with more than 5,000 employees and a net turnover of EUR 1.5 billion, with the view that larger entities are better equipped to handle due diligence costs. The Council also postpones the CSDDD transposition deadline by one year to 26 July 2028.
More details are available in the press release.
The EC proposed in the Omnibus package to amend the Corporate Sustainability Reporting Directive (CSRD) to include entities with over 1,000 employees and a net turnover exceeding EUR 50 million or a balance sheet total over EUR 25 million, i.e. to remove listed SMEs from the scope of the directive.
The Council accepted the 1,000 employee threshold, however added a net turnover threshold of over EUR 450 million to reduce the reporting burden.
Additionally, the Council proposed changes to the Corporate Sustainability Due Diligence Directive (CSDDD), raising the scope to entities with more than 5,000 employees and a net turnover of EUR 1.5 billion, with the view that larger entities are better equipped to handle due diligence costs. The Council also postpones the CSDDD transposition deadline by one year to 26 July 2028.
More details are available in the press release.