Impacts for US Companies of the Proposed EU Omnibus Package
On February 26, 2025, the European Commission (Commission) published a proposed ‘Omnibus package’ to streamline some of the recently adopted European Union (EU) sustainability laws. The laws in scope of the proposed Omnibus package are the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy Regulation, the Corporate Sustainability Due Diligence Directive (CSDDD) and the Carbon […]
Beth Sasfai is a Partner, Emma Bichet is a Special Counsel, and Jack Eastwood is an Associate at Cooley LLP. This post is based on their Cooley memorandum.
On February 26, 2025, the European Commission (Commission) published a proposed ‘Omnibus package’ to streamline some of the recently adopted European Union (EU) sustainability laws. The laws in scope of the proposed Omnibus package are the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy Regulation, the Corporate Sustainability Due Diligence Directive (CSDDD) and the Carbon Border Adjustment Mechanism (CBAM).
The Omnibus package is a legislative proposal and could still change before being adopted. It will now pass to the European Parliament and member states in the European Council for negotiation. Both the Parliament and the Council have the power to amend any of the provisions in the proposal. This is worth tracking closely for US companies that are in scope of these laws since it could have a significant impact on their EU legal compliance obligations.
Below are some key takeaways from the Commission’s proposed Omnibus package and its potential impacts for US companies preparing for compliance with key EU sustainability laws.
