{"id":35116,"date":"2025-04-28T18:55:23","date_gmt":"2025-04-28T16:55:23","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=35116"},"modified":"2025-04-28T18:57:18","modified_gmt":"2025-04-28T16:57:18","slug":"questions-and-answers-to-the-eu-summary-regarding-potential-changes-in-the-csddd-csrd-cbam-and-taxonomy","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2025\/04\/28\/questions-and-answers-to-the-eu-summary-regarding-potential-changes-in-the-csddd-csrd-cbam-and-taxonomy\/","title":{"rendered":"Questions and answers on the EU summary regarding potential changes to CSDDD, CSRD, CBAM and taxonomy"},"content":{"rendered":"<p>\u23f0 The European Union legislative package, known as\u00a0<strong>&quot;Omnibus Package&quot;<\/strong>, proposes key amendments to existing regulations, including changes to the CSDDD and CSRD Directives, as well as amendments to the Regulations<!--more-->\u00a0<strong>Taxonomy<\/strong>\u00a0a\u00a0<strong>CBAM<\/strong>The European Parliament supported the proposal for\u00a0<strong>postponement of validity<\/strong>\u00a0CSRD and CSDDD directives.<\/p>\n<ul>\n<li><strong>Deferred application:<\/strong> The European Parliament voted to postpone the application date <strong>Corporate Sustainability Reporting Directive (CSRD)<\/strong> for most companies and <strong>Corporate Sustainability Due Diligence Directive (CSDDD)<\/strong> for all companies. The introduction of the reporting requirements under the CSRD (in the second and third waves) is postponed by two years. The application of the CSDDD for the first group of companies in scope is postponed to 2028 and the deadline for transposition by Member States is extended to 2027.<\/li>\n<li><strong>&quot;Omnibus&quot; package:<\/strong> The European Commission has issued an &quot;Omnibus&quot; package proposing changes to the CSDDD, CSRD, <strong>EU Taxonomy Regulation (Taxonomy)<\/strong> a <strong>Carbon Border Adjustment Mechanism (CBAM) Regulation<\/strong>.<\/li>\n<li><strong>Timelines for changes:<\/strong> Different parts of the Omnibus package have different timelines.\n<ul>\n<li>The simplification proposal (which would significantly reduce the scope of the CSRD and CSDDD) is likely to lead to a longer discussion and a political agreement is not expected until the end of 2025 or later. Member States would have 12 months for transposition.<\/li>\n<li>The proposed delegated act on taxonomy may be subject to further revision before formal adoption. Once adopted, Parliament and Council have 4-6 months to raise objections.<\/li>\n<li>The CBAM proposal postpones the sale of CBAM certificates to February 2027, but maintains the full entry into force of the CBAM by January 1, 2026. It follows the ordinary legislative process and a simplified procedure in Parliament for adoption in 2025.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Changes to the CSDDD:<\/strong>\n<ul>\n<li><strong>Scope of due diligence:<\/strong> It is proposed to limit the in-depth risk assessment for indirect business partners unless the company has \u201ccredible information\u201d about adverse impacts at their level. The significance of this limitation depends on how the term \u201ccredible information\u201d is interpreted.<\/li>\n<li><strong>Enforcement mode:<\/strong> The pan-European civil liability regime is abolished; compensation will be based on the national laws of the Member States. Enforcement by designated public supervisory authorities remains. The abolition of the pan-European regime may limit access to justice. However, risks remain significant under national rules, including class action mechanisms and others.<\/li>\n<li><strong>Climate change mitigation transition plans:<\/strong> The obligation changes from \u201cadopt and bring into force\u201d to \u201cadopt\u2026 including implementing measures\u201d. It is not clear whether this change significantly changes the nature of the obligation. Commission guidance (required by 26 July 2027) will be key.<\/li>\n<\/ul>\n<\/li>\n<li><strong>CSRD changes:<\/strong>\n<ul>\n<li><strong>Threshold values:<\/strong> The threshold for companies established in the EU\/EEA is changed to more than 1,000 employees and turnover above EUR 50 million or assets above EUR 25 million. This would reduce the number of companies in scope by 80 % and bring the scope of the CSRD closer to the CSDDD.<\/li>\n<li><strong>Revised European Sustainability Reporting Standards (ESRS):<\/strong> The Commission plans to simplify the ESRS through a delegated act. EFRAG is to prepare proposals for revised ESRS by 31 October 2025. A reduction in mandatory data points and a move towards quantitative disclosures are expected. Questions remain regarding the assessment of materiality and alignment with other standards (e.g. ISSB).<\/li>\n<li><strong>Reporting limitations in the value chain:<\/strong> It is proposed to \u201ccap\u201d the information that a company reporting under the CSRD can request from partners in its value chain who are not themselves in the scope of the CSRD. The requirements would be limited to information specified in the voluntary SME reporting standards (VSME standards) and information \u201ccommonly shared\u201d in the sector. The aim is to reduce the burden on partners in the value chain.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Taxonomy changes:<\/strong>\n<ul>\n<li><strong>Materiality thresholds:<\/strong> A financial materiality threshold (10 % of turnover, capital expenditure or operating expenses) is introduced, exempting companies from assessing the compliance of activities with the taxonomy if they do not exceed this threshold. However, these \u201cintangible\u201d data still have to be reported separately. The aim is to streamline reporting.<\/li>\n<li><strong>Partial taxonomy reporting:<\/strong> A voluntary reporting option for &quot;partial taxonomy compliance&quot; is being introduced for companies with a turnover of less than \u20ac450 million. The aim is to allow companies to demonstrate progress towards sustainability goals. It is uncertain how partial compliance will be defined and standardised.<\/li>\n<li><strong>Future changes to technical screening criteria:<\/strong> It is proposed to simplify the general &quot;Do Not Significantly Harm&quot; (DNSH) criteria for pollution prevention and control. The Commission has also signalled a broader effort to simplify technical criteria.<\/li>\n<\/ul>\n<\/li>\n<li><strong>CBAM changes:<\/strong>\n<ul>\n<li><strong>Weight-based thresholds:<\/strong> Replacing the current threshold <em>de minimis<\/em> \u20ac150 new threshold based on weight. Importers of certain products (iron, steel, aluminium, fertilisers, cement) will only be in scope if their annual imports exceed 50 tonnes net weight. The aim is to significantly reduce the obligations (for 90 % importers), while covering 99 % emissions. Importers below the threshold must identify themselves as &quot;occasional CBAM importers&quot;. The threshold may be adjusted annually.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Overall, sources suggest that the Omnibus package delivers <strong>proposed simplifications and clarifications<\/strong> in scope, obligations and reporting under key EU sustainability regulations, while <strong>the timetable for adoption and the practical impact of many changes remain subject to the legislative process, guidance and interpretation<\/strong>. <strong><em>Spring<\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>\u23f0 The European Union legislative package, known as the &quot;Omnibus Package&quot;, proposes key amendments to existing regulations, including changes to the CSDDD and CSRD directives, as well as adjustments to the regulations<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-35116","post","type-post","status-publish","format-standard","hentry","category-lca_esg_ghg_csddd_csrd_iso_flr"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/35116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=35116"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/35116\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=35116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=35116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=35116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}