On 26 February 2025, the European Commission adopted a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity.
The Commission has a clear target to achieve at least 25% reduction in administrative burdens, and at least 35% for SMEs until the end of its mandate. These first ‘Omnibus’ packages, bringing together proposals in a number of related legislative fields, cover a far-reaching simplification in the fields of sustainable finance reporting, sustainability due diligence, EU Taxonomy, carbon border adjustment mechanism, and European investment programmes.
The Commission states that these proposals will reduce complexity of EU requirements for all businesses, notably SMEs and small mid-caps, focus the EU’s regulatory framework on the largest companies which are likely to have a bigger impact on the climate and the environment, while still enabling companies to access sustainable finance for their clean transition.
https://ec.europa.eu/commission/presscorner/detail/en/ip_25_614