The European Commission has announced the details of the first of its Omnibus packages, which aim to simplify sustainability reporting requirements and boost competitiveness across the EU.
Today's new package of proposals, which will now go forward to the European Parliament and Council for consideration, signals a fundamental shift in approach to sustainability regulation - with a considerable reduction in the number of companies in scope for CSRD and CSDDD and heavily simplified reporting requirements.
What does this mean for both Irish and multinational companies?
The EU Commission is due to publish their proposal for small mid-cap undertakings in Q2 2025. Read our full analysis of the latest development is available in the latest iGAAP in Focus publication.
To discuss how your business has been impacted by these changes, reach out to a member of our team below.