The European Commission’s first Omnibus package of proposals aims to reduce sustainability reporting and due diligence requirements. 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. 

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

This table provides an overview of how the proposals would affect different companies.

diagram

What’s new?

Reducing the reporting burden for companies
Read more

Limiting ESRS and EU Taxonomy requirements to the largest companies
Read more

The KPMG view

KPMG responds to EFRAG’s call for feedback
Read more

What do they mean for your company?
Listen now

More resources

Impact of EU sustainability reporting on US companies

Read more

EU Omnibus in the US (podcast)

Listen now

© 2025 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.