{"id":419779,"date":"2025-02-26T13:43:49","date_gmt":"2025-02-26T12:43:49","guid":{"rendered":"https:\/\/www.eunews.it\/2025\/02\/26\/pacchetto-omnibus-ue-50-miliardi-extra\/"},"modified":"2025-02-26T14:53:31","modified_gmt":"2025-02-26T13:53:31","slug":"less-red-tape-and-less-sustainability-eu-omnibus-package-for-an-extra-50-billion","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2025\/02\/26\/less-red-tape-and-less-sustainability-eu-omnibus-package-for-an-extra-50-billion\/","title":{"rendered":"Less red tape and less sustainability: EU Omnibus package for an extra 50 billion"},"content":{"rendered":"

Brussels – “This simplification agenda is not about deregulation<\/strong>,” <\/strong>Economy Commissioner Valdis Dombrovskis <\/strong>clarifies. At first glance, the EU Commission’s Omnibus package, unveiled today (Feb. 26), paves the way for an unrestrained and, therefore, an unregulated way of doing business. Reducing reporting requirements and frequency <\/strong>are the keys to boosting EU competitiveness and making Europe business- and\u00a0investment-friendly. This is the path mapped out in the von der Leyen team’s strategy.<\/span><\/span><\/span><\/p>\n

However, Dombrovskis insists that “less bureaucracy means more competitiveness and more investment.” In that sense, “Reducing unnecessarily complex EU rules is a vital part of our plan to make Europe more competitive” through less wasted time, fewer administrative costs, and savings useful for investment.\u00a0<\/span><\/span><\/span><\/p>\n

The Commission estimates that if\u00a0adopted and implemented as proposed, the legislative changes would lead to total savings on annual administrative costs of about 6.3 billion euros and mobilize an additional 50 billion euros of public and private investment capacity to support policy priorities<\/strong>.<\/span><\/span><\/span><\/p>\n

<\/a>
Economy Commissioner Valdis Dombrovskis and Financial Services Commissioner Maria Luis Albuquerque [Brussels, Feb. 26, 2025]<\/figcaption><\/figure>\n

Alignment on sustainability<\/h4>\n

It is achievable by removing about 80 percent of companies from the scope of the directive on Corporate Sustainability Reporting<\/a> to focus on the largest companies with the greatest impact on the environment and society. There is also the proposal to\u00a0reduce the reporting burden of\u00a0taxonomy – the set of activities considered sustainable –\u00a0by decreasing the\u00a0reporting models\u00a0<\/span><\/span><\/span>by about 70 percent .
\n<\/span><\/span><\/span><\/p>\n

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In addition, the proposals call for the exemption of small importers from CBAM obligations, the tax for carbon emissions produced to move a product from one country to another, and one of the key elements of the European Green Deal. These exemptions will primarily benefit SMEs and individuals importing small amounts of CBAM goods, representing minimal embedded emissions entering the Union from third countries. The idea is to introduce a new annual cumulative CBAM threshold of 50 tons per importer, thus eliminating CBAM obligations for about 182 thousand operators. These exemptions will primarily apply to the iron and steel, aluminum, cement, and fertilizer sectors.<\/strong><\/div>\n<\/div>\n

There will also be a\u00a0relaxation of rules on due diligence – the proper ethical-moral behavior of businesses to measure the social sustainability of the finished and sold product. Here, the idea is to simplify sustainability requirements so that affected companies avoid unnecessary complexity and cost, for example, by focusing systematic due diligence requirements on direct business partners and reducing the frequency of periodic assessments and partner monitoring from annual to five\u00a0years, with ad hoc assessments where necessary.\n<\/p>\n

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The puzzle\u00a0of inter-institutional negotiation<\/h4>\n<\/div>\n<\/div>\n

The Commission will now have to negotiate with the EU Council, and Parliament proposed amendments to the regulation for the CBAM, the Corporate Sustainability Directive, and the Corporate Sustainability Reporting Directive. Only then can the Commission’s intentions become reality and produce those estimated benefits. The path is not a foregone conclusion since Socialists have already said<\/a> they would not accept backtracking\u00a0on the Green Deal or deregulation.<\/p>\n

Maria Lu\u00eds Albuquerque<\/strong>, commissioner for Financial Services, tries to reassure that with the Omnibus package, “We are defining a path towards a more growth-friendly, more usable and proportionate EU sustainable finance rules. By facilitating a more conducive business environment, we can drive growth and EU\u2019s competitiveness, attract investments, and continue to deliver on our Green Deal objectives.” <\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Measure to streamline procedures and make the EU fit for investment and competitiveness unveiled. Administrative savings of 6.3 billion. Dombrovskis: “This is not deregulation”<\/p>\n","protected":false},"author":494,"featured_media":419774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705,25727],"tags":[25881,26324,26428,26802,26752,25905,25882,30444,30437,27356,25886,25979],"class_list":["post-419779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-in-the-spotlight","tag-due-diligence-en","tag-imprese-en","tag-green-deal-en","tag-investimenti-en","tag-maria-luis-albuquerque-en","tag-omnibus-en","tag-simplification-en","tag-sustainability-en","tag-valdis-dombrovskis-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/419779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=419779"}],"version-history":[{"count":4,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/419779\/revisions"}],"predecessor-version":[{"id":419805,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/419779\/revisions\/419805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/419774"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=419779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=419779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=419779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}