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❕ Omnibus I approved: what's next for Luxembourg on sustainability reporting and due diligence
💡 In this Eyes on ESG video, Rocco Mezzatesta, Manager in our ESG & Sustainability team, explains the key changes following the EU Parliament's approval of the Omnibus proposal, providing clarity after a year of updates.
Key points include:
- CSRD: revised scope for EU and non-EU companies, Luxembourg-specific exemptions, transition relief for Wave 1 companies
- EU Taxonomy: simplified criteria, reduced reporting, exemptions for non-material activities
- CS3D: higher thresholds, removal of transition plans, capped fines, compliance from July 2029
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
