EU Omnibus state of play: amendments to CSRD, ESRS, Taxonomy and CS3D

The ongoing streamlining of the EU’s corporate sustainability reporting regime as part of the European Commission’s (EC) “Omnibus Simplification Package” has resulted in a plethora of publications from the European co-legislators, European Supervisory Authorities (ESAs) and their advisory groups over the last few months.

In this legal update, we summarise the key changes introduced so far and those yet to be introduced to the EU’s Corporate Sustainability Reporting Directive (CSRD) and associated European Sustainability Reporting Standards (ESRS), the Taxonomy Regulation (the Taxonomy) and the Corporate Sustainability Due Diligence Directive (CS3D).