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      The European Commission’s first Omnibus package of proposals aims to strike the right balance between stakeholder needs and the costs to preparers while maintaining the spirit of the EU Green Deal. Only the largest companies would report under the European Sustainability Reporting Standards (ESRS); a subset of those companies would continue to report under the EU Taxonomy. 

      This diagram provides an overview of three streams forming part of the EU Omnibus.

      Bookmark this page for the latest news on new developments as they happen.

      What’s new?

      EFRAG proposes revisions to standards
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      European Commission recommends smaller companies use the VSME standard
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      Reporting templates simplified; materiality concept introduced
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      Limiting ESRS and EU Taxonomy requirements to the largest companies
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      The KPMG view

      KPMG responds to EFRAG’s call for feedback
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      What do they mean for your company?
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      More resources

      Impact of EU sustainability reporting on US companies

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      EU Omnibus in the US (podcast)

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