The Omnibus Packages – EU postpones reporting obligations and transposition deadlines in the CSRD and CSDDD
Published 24 April 2025
Category: Impact and ESG
In February, the EU unveiled the proposal for the Omnibus Simplification Package (the “Omnibus”), which we also commented in our latest update about the Omnibus. The Omnibus Package 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.
As mentioned in our initial update about the Omnibus, the purpose of the regulation is to reduce reporting requirements and streamline the extensive number of requirements under EU’s ESG framework.
As a first step toward simplifying the ESG regulation, the EU has adopted the “Stop-the-Clock” directive, which specifically postpones:
- The reporting obligation under the Corporate Sustainability Reporting Directive (CSRD) by two years. As a result, large companies that have not yet started reporting will first be required to report in accordance with the CSRD in 2028, and listed SMEs will be required to report from 2029.
- The transposition deadline for the Corporate Sustainability Due Diligence Directive (CSDDD) to July 2027 and the initial application phase of CSDDD by a year. Consequently, the due diligence requirements under the CSDDD will apply to the first group of companies (companies with more than 3,000 employees and a net worldwide turnover of more than EUR 900 million) from July 2028, and to all other in-scope companies (companies with more than 1,000 employees and a net worldwide turnover of EUR 450 million) from July 2029.
The adopted directive can be found here. Member States must transpose the “Stop-the-Clock” directive into national law by 31 December 2025. A process which hopefully will be completed within the deadline taking into account that CSRD already is fully implemented into Danish law.
Next steps: The EU Parliament and the Council will continue working on more substantial changes to CSRD and CSDDD in accordance with the proposed Omnibus Simplification Package. These changes will be subject to separate legislatives and processes which the ESG team at Mazanti monitors closely.
Tags: CSDDDCSRDSustainability
Also tagged ‘CSDDD’
An 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 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
Revised sustainability standards sent for public consultation
The European Financial Reporting Advisory Group (“EFRAG”), published the draft revised European Sustainability Reporting Standards (“ESRS”).
ComplianceCSRDDisclosure RequirementsESRSSFDRSustainabilityMeasures to simplify the EU Taxonomy adopted
In July, the EU Commission adopted a Delegated Act amending the Taxonomy Disclosures, Climate and Environmental Delegated Acts (the “Delegated Act”).
ComplianceCSRDDisclosure RequirementsESRSSFDRSustainabilitySustainable investments: Requirements and practices
The Danish Financial Supervisory Authority (DFSA) has compiled a report summarizing its recent thematic reviews of sustainable financial products, key legal requirements, and central expectations.
ComplianceCSRDDisclosure RequirementsESRSSFDRSustainabilityProposed amendments to section 7p of the Danish Tax Assessment Act
On 26 August 2025, a draft bill regarding amendments to section 7p of the Danish Tax Assessment Act was submitted for consultation.
Venture CapitalRestrictions on Public Access to Beneficial Ownership Information
The Danish Business Authority reannounced that new restrictions on public access to information regarding beneficial owners in the Danish Business Register will be implemented.
Beneficial OwnershipKYC / AMLESMA Report: Improvements needed in the supervision of sustainability risks and disclosures
The report presents ESMA’s analysis and key findings from the CSA, along with its overall assessment of market participants’ adherence to applicable rules and standards.
ESMASFDRSustainability