Summary
On 26 February 2025, the European Commission adopted a legislative proposal to amend key provisions in the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CS3D), and the EU Taxonomy in the context of burden reduction and simplification. Cefic overall welcomes the changes proposed to key content provisions of the CS3D and the CSRD and acknowledges the Commission’s efforts to achieve an ambitious burden reduction exercise even though concerns remain on several key areas. This paper aims to identify and address these outstanding issues to ensure the effectiveness of the omnibus’ intended purpose.
Key recommendations include:
- Enhance harmonisation, practicability, and legal clarity in CS3D
- Streamline and align transition planning requirements
- Simplify CSRD implementation by companies