Publication of Omnibus l
Published 6 March 2026
Category: Impact and ESG
Directive 2026/470 (the Omnibus l Directive) was published in the Official Journal of the European Union on 26 February 2026. You can read more about the changes to the Corporate Sustainability Due Diligence Directive (“CSDDD”) and the Corporate Sustainability Reporting Directive (“CSRD”), in our latest Omnibus I update here. Previous updates on the simplification package are available here, here and here.
According to Article 5 of the Directive, Member States must transpose the necessary laws, regulations and provisions to comply with Article 1 (amendments to Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts), Article 2 (amendments to Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings) and Article 3 (amendments to Directive (EU) 2022/2464 (CSRD)) into national law by 19 March 2027. Member States must bring into force the necessary national measures to comply with Article 4, which introduces amendments to Directive (EU) 2024/1760 (CSDDD), by 26 July 2028.
The published Directive can be accessed here.
Next: The Omnibus l Directive enters into force on 18 March 2026.
Tags: CSDDDCSRDSustainability
Also tagged ‘CSDDD’
European Parliament approves provisional agreement on the Omnibus package
The Omnibus I simplification package introduces amendments to the Corporate Sustainability Due Diligence Directive (“CSDDD”) and the Corporate Sustainability Reporting Directive (“CSRD”).
CSDDDCSRDSustainabilityAn update on the stop-the-clock proposal and the ESRS simplification mandate
On 29 April 2025, a majority of the Danish Parliament agreed on the “stop-the-clock” directive which will go to a formal vote in the fall to adopt the proposal into Danish legislation.
CSDDDCSRDSustainabilityThe Omnibus Packages – EU postpones reporting obligations and transposition deadlines in the CSRD and CSDDD
In February, the EU unveiled the proposal for the Omnibus Simplification Package (the “Omnibus”), which includes a directive commonly referred to as the “Stop-the-Clock” directive, as it postpones certain reporting obligations and transposition deadlines, which has now been adopted.
CSDDDCSRDSustainabilityThe Omnibus package and its impact on EU’s ESG regulation
Yesterday, the European Commission revealed the proposal for the Omnibus Simplification Package.
CSDDDCSRDDisclosure RequirementsSustainabilityEU Competitiveness Compass – ESG takeaways
29 January 2025, the EU Commission published its Competitiveness Compass which sets out a compass that will guide the work in the coming five years and lists priority actions to reignite economic dynamics in Europe, according to the communication.
CSDDDCSRDDisclosure RequirementsSFDRSustainabilityFinal approval by the EU Parliament of the Corporate Sustainability Due Diligence Directive
Today, 24 April 2024, the Corporate Sustainability Due Diligence Directive (“CSDDD”) received the final green light from the European Parliament.
CSDDDSustainabilityNews regarding the Corporate Sustainability Due Diligence Directive
15 March 2024, the Committee of the Permanent Representatives of the Governments of the Member States to the European Union (“COREPER”) endorsed the Corporate Sustainability Due Diligence Directive (“CSDDD”) taking the directive one important step closer to finalizing the legislative process.
CSDDDSustainabilityProvisional Agreement on the Corporate Sustainability Due Diligence Directive
A provisional agreement on the Corporate Sustainability Due Diligence Directive (CSDDD) has been concluded between the Council and the European Parliament on 14 December 2023.
CSDDDGovernanceRisk ManagementSustainabilityStatus on the CSDD Directive
On 13 September 2023, the Danish Corporate Governance Board published their annual account for 2022-2023. The account contains a status on the CSDD Directive which is still negotiated in the EU.
CSDDDSustainabilityFinal Report on Minimum Safeguards
The European Commission expert group; Platform on Sustainable Finance, has published a final report on the minimum safeguards laid out in Article 3 and 18 of the Taxonomy Regulation. It replaces the draft report published in July 2022.
ComplianceCSDDDCSRDSustainabilityA General Approach on the CSDD Directive Proposal Adopted by the Council
On 1 December 2022, the Council adopted its general approach on the proposal for a Directive on Corporate Sustainability Due Diligence (CSDDD) which was adopted by the European Commission on 23 February 2022. This completes the negotiations in the Council.
CSDDDSustainabilityOther updates
ESMA Launches Consultation Paper on selected KPIs under the Delegated Act under the Taxonomy Regulation
The consultation primarily focuses on the following three main topics: Revision of the OpEx KPI, Voluntary use of OpEx KPI by financial undertakings, and Group Taxonomy reporting.
ComplianceCSRDDisclosure RequirementsESRSSFDRSustainabilityEuropean Commission adopts final revised ESRS and voluntary sustainability reporting standards
The European Commission has adopted the final revised ESRS applicable to companies subject to the EU’s mandatory Corporate Sustainability Reporting Directive (“CSRD”) and a voluntary reporting standard for smaller companies.
ComplianceCSRDDisclosure RequirementsESRSSustainabilitySFDR 2.0 – Council agrees negotiating position
On 24 June 2026, the Council of the European Union agreed its negotiating position on the European Commission's proposal to amend the SFDR, introducing several important clarifications and amendments – including three new categories of financial products: sustainable, transition and ESG basics.
Disclosure RequirementsSFDRSustainabilityExpansion of the special section 7P regime enters into force
The Danish Ministry of Taxation and Economic Growth has announced that the expansion of the special regime for qualifying new and smaller companies in section 7P of the Danish Tax Assessment Act (ligningsloven) will enter into force on 1 July 2026.
Venture CapitalEU Commission presents proposal for EU Inc. (28th regime)
The initiative aims to address long-standing fragmentation across the EU’s 27 national company law systems by introducing a single, harmonised legal structure designed primarily for innovative companies and startups.
Venture CapitalEU Inc.
At the World Economic Forum in Davos, European Commission President Ursula von der Leyen officially placed the long-debated EU Inc. concept at the center of the EU’s strategic narrative.
Venture Capital