{"id":9134,"date":"2025-03-07T10:32:49","date_gmt":"2025-03-07T09:32:49","guid":{"rendered":"https:\/\/www.bamacgroup.com\/blog\/the-new-eu-omnibus-regulation-less-bureaucracy-more-efficiency-for-companies\/"},"modified":"2025-03-24T12:59:43","modified_gmt":"2025-03-24T11:59:43","slug":"the-new-eu-omnibus-regulation-less-bureaucracy-more-efficiency-for-companies","status":"publish","type":"post","link":"https:\/\/www.bamacgroup.com\/en\/blog\/the-new-eu-omnibus-regulation-less-bureaucracy-more-efficiency-for-companies\/","title":{"rendered":"The new EU Omnibus Regulation: less bureaucracy, more efficiency for companies"},"content":{"rendered":"\n

The European Commission has officially adopted the Omnibus Regulation. The aim of this reform is to simplify existing regulations on ESG reporting obligations, sustainability requirements and due diligence obligations in the supply chain and to reduce bureaucracy. But what exactly does the EU Omnibus Regulation mean for companies in practice?<\/p>\n\n\n\n

What is the EU Omnibus Regulation?<\/h2>\n\n\n\n

The EU Omnibus Regulation is an initiative of the European Commission that aims to streamline reporting obligations on environmental, social and governance (ESG) aspects. Existing regulations such as the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy Regulation and the Corporate Sustainability Due Diligence Directive (CSDDD) are to be merged and simplified. According to the European Commission, this reform is intended to relieve over 85% of companies of certain reporting obligations. This applies in particular to small and medium-sized enterprises (SMEs). The EU Commission wants to achieve this by increasing threshold values, reducing redundant regulations and focussing more clearly on larger companies. The assumption is that larger companies have a significant impact on climate issues.<\/p>\n\n\n\n

Reasons for the new regulation<\/h2>\n\n\n\n

The European Commission has taken into account feedback from stakeholders who consider individual provisions on sustainability reporting and due diligence to be complex and cost-intensive. Stakeholders had criticised, among other things, that the benefits for investors and other stakeholders were limited, which could potentially have an impact on the EU’s competitiveness and attractiveness for investment.<\/p>\n\n\n\n

Against this backdrop, the European Union is pursuing the goal of linking competition and climate policy more closely in order to relieve the burden on companies, promote investment and realise economic potential. At the same time, the EU should achieve common goals such as the European Green Deal.<\/p>\n\n\n\n

The European Commission has announced its intention to reduce the administrative burden by at least 25% by the end of the current term of office, and by at least 35% for small and medium-sized enterprises (SMEs). To this end, the EU Commission has presented so-called \u2018omnibus\u2019 packages that bring together various areas of law and provide for simplifications in reporting on sustainable finance, due diligence in the area of sustainability, the EU taxonomy, the carbon border adjustment mechanism and European investment programmes, among other things.<\/p>\n\n\n\n

These measures are intended to reduce the complexity of EU requirements, particularly for SMEs and smaller companies with medium capitalisation. At the same time, larger companies, which are likely to have a greater impact on the climate and environment, are to be given greater regulatory focus. There are also plans to facilitate access to sustainable financing in order to support the transition to a more climate-friendly economy.<\/p>\n\n\n\n

What specific changes does the regulation bring?<\/h2>\n\n\n\n

The planned changes to the EU Omnibus Regulation will result in numerous advantages for companies:<\/p>\n\n\n\n

\u202fThe measures adopted include:<\/p>\n\n\n\n