Released in February 2025, the European Commission's Omnibus Simplification Package would drastically reduce the number of companies subject to corporate sustainability reporting requirements in a bid to slash red tape, particularly for small and medium-sized enterprises (SMEs). The proposals include measures to simplify the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD) and the EU Taxonomy.  

If adopted, the proposals could alter the sustainability reporting landscape for companies doing business in the EU. We speak to Marc Rotter, counsel at law firm Ropes & Gray, who explains why the timeline for the legislative process remains uncertain and could last several months.  

We talk to Andreas Rasche, Professor of Business in Society at the Centre for Sustainability at Copenhagen Business School, who explains how the proposals could change investor access to data. 

“For investors that, at the end of the day, means less data by less companies. And I think it should be a legitimate concern to investors as it limits access to comparable and also reliable ESG data,” Andreas says of the proposals. 

And we hear from Aleksandra Palinska, Executive Director of Eurosif, a European forum that promotes sustainable investment. 

This piece was published by S&P Global Sustainable1, a part of S&P Global.  

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