EU Sustainability Omnibus Directive—what’s new?
EU Law Analysis: On 26 February 2025, the Commission published the first of its omnibus simplification packages containing a proposal to substantially revise the scope and content of the sustainability reporting and due diligence requirements contained in Directive 2022/2464 (the EU Corporate Sustainability Reporting Directive (CSRD)) and Directive 2024/1760 (the EU Corporate Sustainability Due Diligence Directive (CS3D)). Exactly one year later, the resulting Directive (EU) 2026/470 has been published in the Official Journal. This analysis sets out the key changes made to the CSRD and CS3D, as applicable to businesses both inside and outside the EU.