With the Omnibus negotiation process in progress, the EU Council circulated an updated draft proposal dated 17 June 2025 on key changes to #CSRD \u2013 key extracts:<\/p>\n
Sustainability reporting obligations should be reduced to undertakings with a net turnover exceeding EUR 450 million and an average of more than 1 000 employees during the financial year.<\/p>\n
Member States should be able to exempt undertakings that would subsequently fall outside of this scope, from reporting obligations as regards the financial years beginning between 1 Jan 2025 and 31 Dec 2026.<\/p>\n
Reporting undertakings should be prohibited from requiring information exceeding certain limits from undertakings in their value chain that have up to 1 000 employees, and these should be given a statutory right to refuse to provide information exceeding those limits.<\/p>\n
To ensure proportionality, the scope of this \u2018value-chain cap\u2019 is limited in the following ways:<\/p>\n
It is important that reporting undertakings only request information from their value chain insofar as necessary.<\/p>\n
In particular, it is important that they request less information than that specified in the standards for voluntary use (VSME) if they do not need all the information in those standards.<\/p>\n
There are circumstances in which undertakings should, subject to assurance, be permitted to omit certain information from the sustainability report. Those circumstances should be developed and clarified. This includes:<\/p>\n