EU Council agrees Omnibus position that further lifts application threshold for CSRD and CSDDD
It's estimated that CSDDD would only apply to 997 companies if the Council’s position were adopted.
The European Council yesterday agreed on its negotiating position regarding the Omnibus package, and seeks to lift the application threshold for both CSRD and CSDDD.
The Council’s position, which was adopted by Member States yesterday, will be the basis of its negotiations with the European Parliament to finalise the Omnibus proposal – which aims to reduce the sustainability reporting burden for EU companies.
