Explore the key changes in the EU's Omnibus I package on CSDDD, simplifying sustainability reporting, compliance, and due diligence for businesses.
The European Commission’s recent proposal on the Omnibus package presents a critical shift in simplifying EU regulations, fostering sustainability, and boosting competitiveness for businesses, especially in relation to sustainability and environmental impacts. This new set of measures aims to unlock additional investment opportunities while enabling EU businesses to continue innovating and growing without being bogged down by overly complex regulatory requirements.
The Omnibus package significantly adjusts the Corporate Sustainability Due Diligence Directive (CSDDD). These changes are designed to help businesses meet sustainability requirements while promoting EU competitiveness. In this blog, we’ll unpack the 10 key changes and explore their implications, particularly from an export control and sanctions perspective.
Questions we are answering in this blog below
How has the deadline for CSDDD implementation changed?
What guidelines are being advanced to help businesses comply?
What simplifications are being made to the due diligence process?
How are the requirements for SMEs being adjusted?
What changes are there regarding civil liability rules?
How does the package align the CSDDD with the CSRD?
What simplifications are made for periodic assessments?
How will the scope of information required from SMEs be reduced?
What should Export Control and Sanctions Professionals do to prepare?
What does the package mean for export control and sanctions professionals?
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