June 2025
In January 2025, the European Commission (EC) presented its Competitive Compass in line with the recommendations made by Mario Draghi in his report on the future of European competitiveness and confirmed its proposal of a package of measures for the simplification of sustainable finance reporting, sustainability due diligence and taxonomy.
On 26 February 2025, the EC published its Omnibus package proposal aiming to simplify several EU rules on sustainable finance, as well as boosting competitiveness and freeing up additional investment capacity. Said package has the objective of streamlining the legislative framework to attract investment and promote companies’ growth while achieving objectives related to climate change mitigation and adaptation, in line with the European Green Deal¹.
¹ During the presentation of the Competitive Compass, Ursula von der Leyen confirmed that the European Union stays the course of the Green Deal objectives, which strive to transform the economy to ensure no net emissions of greenhouse gases by 2050 (climate neutrality), economic growth is decoupled from resource use and no person and no place are left behind.