On February 26, 2025, the European Commission released a package of proposals (omnibus package) aimed at significantly scaling down several sustainability regulations in Europe that are either in effect already or about to take effect. This is a fulfilment of commission President Ursula von der Leyen’s vow last year to reduce reporting burden for businesses by 25% (35% for small and medium entities, or SMEs). These are proposals, not a final regulatory decision.

In this Flash Report, we discuss how companies can stay tuned to developments as they prepare for compliance in the near term.