The European Commission (EC) presented the first Omnibus package on 26 February 2025, which aims to provide substantial simplification in the field of sustainability and EU investment programmes.
This package includes:
The proposals will be submitted to the European Parliament and the Council for their consideration and adoption.
As part of the Omnibus simplification package on sustainability reporting and due diligence, the EC has opened a consultation on draft amendments to the Taxonomy Disclosures Delegated Act and the Taxonomy Climate and Environmental Delegated Acts.
The proposed amendments relate to the simplification of the reporting templates and the potential application of exemptions to the companies that meet certain criteria.
Furthermore, the EC proposes amendments to the main key performance indicators of financial institutions, especially the green asset ratio (GAR) for banks.
The EC is also asking for feedback on two alternative options for simplifying the most complex “Do No Significant Harm” criteria.
Stakeholders can submit their feedback by 26 March 2025 via this link.
The ENGAGE Consortium will be hosting an ‘Omnibus Special’ webinar on Thursday, 13 March 2025 at 16:00 CET, exploring the implications of the European Commission’s simplification effort on the EU Taxonomy—particularly its effects on mortgages and home renovation loans. Please register via the link below.
To achieve the proposed 55% emission reduction climate target by 2030, around EUR 275 billion of additional investments are needed per year.
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