EU Omnibus: Proposed Changes to the CSRD
Learn more about proposed changes to the CSRD designed to streamline reporting requirements.
On the 26th of February 2025 the EU Commission released a set of proposals, termed the “Omnibus package”, with the aim to streamline and simplify corporate sustainability reporting requirements. The proposed package will significantly impact the scope and reporting requirements of the Corporate Sustainability Reporting Directive (CSRD).
The proposed key changes have been summarised in the table below.
Proposed Key Changes to the CSRD
| Criteria | Current Requirements | Proposed Changes |
|---|---|---|
| Large Company Threshold |
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| SMEs Reporting Requirements | Listed SMEs on an EU regulated market are to report under the CSRD for FY26 | Companies with fewer than 1,000 employees will no longer be required to report. Companies not in scope may choose to report voluntarily based on the simplified voluntary standards for SMEs (VSMEs). |
| Non-EU Undertakings Threshold |
|
|
| Delay in reporting period for large companies | Report financial year 2025 | Report financial year 2027 |
| ESRS Changes | A full set of sector agnostic standards have been developed, with future sector specific standards to be developed in the future. | The reporting standards are to be revised and simplified. The development of sector-specific standards has been halted. |
| Value chain reporting | Reporting companies are to obtain data from all businesses in their value chain. | Reporting companies are to obtain limited data from businesses in their value chain that have fewer than 1,000 employees if they are reporting under a voluntary basis. The data to be collected is to be in line with the VSME. |
| Level of assurance | Limited level assurance is required and it will be transitioned to reasonable level assurance. | The level of assurance will remain at limited. |
Next Steps
The proposed changes to the CSRD will require going through the EU’s legislative process with associated review and approval by the European Parliament and Council. While the process is likely to be fast-tracked, it is still set to take months for completion and the final outcome may still be different from the current proposed changes.
Companies are therefore required to adopt a strategic view on the most suitable ways to progress, taking into consideration the lack of certainty in the upcoming legal process, broader reporting obligations and the ability to maintain best practice reporting standards.
If you require a more detailed conversation regarding the next strategic steps for aligning with the CSRD, contact your local NUS consultant or email the NUS Energy and Sustainability Services (ESS) team at UKSustainability@nusconsulting.co.uk.
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