The European Commission has introduced the first omnibus package, a proposal aimed at streamlining sustainability and due diligence regulations under the CSRD, CSDDD, CBAM, and the EU Taxonomy. Designed to reduce the regulatory burden on businesses, this package brings both opportunities and challenges for companies navigating ESG compliance and supply chain due diligence.
With negotiations now underway in the European Parliament and the European Council, it is crucial to understand what these changes mean and how they will impact compliance efforts.
What happens next?
The Omnibus Proposal is now in the hands of the European Parliament and the European Council, where negotiations could introduce further changes. Until the legislative process is complete, existing regulations — including the CSRD, CSDDD, CBAM, and the EU Taxonomy — remain in force.
For businesses, this means a continued focus on ESG compliance and supply chain risk management. Despite delays, companies should maintain momentum in:
- Sustainability reporting under the CSRD
- Supply chain due diligence in preparation for the CSDDD
- Carbon border tax compliance with CBAM
- Alignment with the EU Taxonomy for sustainability investments
Regulatory uncertainty does not mean inaction. Proactive preparation now will give companies a competitive edge once the final framework is confirmed.
Join our webinar for more insights
Find the latest updates on the omnibus proposal here. Additionally, On March 3, Prewave will be hosting a webinar with Harald NItschinger (Co-Founder & CEO ,Prewave), Greta Koch (Policy Advisor, European Parliament), and Sebastian Runz (Taylor Wessing) to break down the Omnibus Proposal and what it means for businesses.
The session is open to all. Register here to join.
