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. 

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

diagram

What’s new?

Simplifying ESRS

Reducing the reporting burden for companies

EU releases Omnibus proposals

Limiting ESRS and EU Taxonomy requirements to the largest companies

The KPMG view

ESRS: Providing feedback on simplification

KPMG responds to EFRAG’s call for feedback

EU Omnibus proposals

What do they mean for your company?

More resources

Defining issues

Impact of EU sustainability reporting on US companies

Pause, pivot or progress

EU Omnibus in the US (podcast)