EU Omnibus Proposal/Corporate Sustainability

Dear Member,
With reference to the letter sent to our Chamber by TOBB, the European Commission announced, together with the Clean Industrial Deal, the omnibus legislative proposal titled "Omnibus I & II" on 26 February 2025. This proposal covers the Carbon Border Adjustment Mechanism (CBAM), the Corporate Sustainability Due Diligence Directive (CRDDD), the Corporate Sustainability Reporting Directive (CSRD), the Taxonomy Regulations and the InvestEU Regulation.
The regulations aim to protect small companies from excessive reporting burdens, and the reporting burden on our exporters in the supply chains of EU
companies has also been reduced. In this framework, the aim is to narrow the scope of the Corporate Sustainability Reporting Directive, to ensure that future changes to the European Sustainability Reporting Standards provide significant cost savings for companies, and to increase the EU's competitiveness. The annual cost savings of the changes are expected to be approximately 4,4 billion Euros.
The executive summary on the subject is presented in Annex-1, and the detailed information note forwarded by the Ministry of Trade in Annex-2
.

Annex: EU Omnibus Proposal/Corporate Sustainability

Kind regards,
Elazığ Chamber of Commerce and Industry