{"id":4157,"date":"2025-12-17T04:58:00","date_gmt":"2025-12-17T03:58:00","guid":{"rendered":"https:\/\/www.planetfanatics.hu\/?p=4157"},"modified":"2026-01-30T05:08:39","modified_gmt":"2026-01-30T04:08:39","slug":"eu-omnibus-i-package-adopted","status":"publish","type":"post","link":"https:\/\/www.planetfanatics.hu\/en\/news\/eu-omnibus-i-package-adopted\/","title":{"rendered":"EU Omnibus I Package Adopted!"},"content":{"rendered":"<h6 class=\"meta-author-wrapped\">Author: <strong><span class=\"vcard author\"><span class=\"fn\"><a href=\"https:\/\/www.fenntarthatofejloves.net\/author\/szomkat\/\">Melinda Vida<\/a><\/span><\/span><\/strong><\/h6>\n<blockquote><p>After nearly a year of back\u2011and\u2011forth negotiations, Omnibus I has finally reached the finish line: the European Parliament has just adopted the compromise on CSRD and CSDDD.<\/p><\/blockquote>\n<p data-path-to-node=\"5\">\n<p data-path-to-node=\"5\"><strong style=\"color: #333333; font-size: 30px;\">Simplified Sustainability Reporting and Due Diligence Rules for Businesses<\/strong><\/p>\n<div>\n<h3><strong>Who is required to report under CSRD?<\/strong><\/h3>\n<p>Only companies that:<\/p>\n<ul>\n<li>employ <strong>more than 1,000 people<\/strong>, and<\/li>\n<li>have an annual net turnover exceeding <strong>\u20ac450 million<\/strong> (approx. HUF 173 billion)<\/li>\n<\/ul>\n<p>will fall under the updated EU sustainability reporting obligations.<\/p>\n<p>\u27a1\ufe0f <strong>Smaller companies with fewer than 1,000 employees are protected<\/strong> from being indirectly forced into reporting obligations by larger partners.<\/p>\n<h3><strong>Who is obligated under CSDDD?<\/strong><\/h3>\n<p>Only large companies that:<\/p>\n<ul>\n<li>employ <strong>more than 5,000 people<\/strong>, and<\/li>\n<li>have an annual net turnover exceeding <strong>\u20ac1.5 billion<\/strong><\/li>\n<\/ul>\n<p>will be subject to mandatory due diligence.<\/p>\n<p>\u27a1\ufe0f The due diligence obligations enter into force <strong>from July 2029<\/strong>.<\/p>\n<hr \/>\n<h1><a href=\"https:\/\/www.europarl.europa.eu\/news\/en\/press-room\/20251211IPR32164\/simplified-sustainability-reporting-and-due-diligence-rules-for-businesses\"><strong>EP Approval (16 December 2025)<\/strong><\/a><\/h1>\n<p>On Tuesday (16 December 2025), the European Parliament approved the provisional agreement between MEPs and EU governments on the amended sustainability reporting and due diligence rules for companies.<\/p>\n<p>The updated rules apply to <strong>fewer businesses<\/strong>, reduce several obligations, and aim to <strong>strengthen the EU\u2019s competitiveness<\/strong>.<\/p>\n<hr \/>\n<h1><strong>Simplified Sustainability Reporting<\/strong><\/h1>\n<p>Only EU companies that:<\/p>\n<ul>\n<li>employ <strong>more than 1,000 employees<\/strong>, and<\/li>\n<li>generate <strong>net annual turnover above \u20ac450 million<\/strong><\/li>\n<\/ul>\n<p>must prepare sustainability reports.<\/p>\n<p>The rules also apply to <strong>non\u2011EU companies<\/strong> with:<\/p>\n<ul>\n<li>more than <strong>\u20ac450 million<\/strong> turnover generated <strong>inside the EU<\/strong>,<\/li>\n<li>and their subsidiaries\/branches generating more than <strong>\u20ac200 million<\/strong> in EU turnover.<\/li>\n<\/ul>\n<h3><strong>Key simplifications:<\/strong><\/h3>\n<ul>\n<li>Sector\u2011specific reporting becomes <strong>voluntary<\/strong><\/li>\n<li>Overall reporting requirements are <strong>significantly simplified<\/strong><\/li>\n<li>Obligated companies <strong>may not transfer reporting obligations<\/strong> to smaller business partners<\/li>\n<li>SMEs (&lt;1,000 employees) <strong>cannot be required<\/strong> to provide information beyond voluntary standards<\/li>\n<\/ul>\n<p>To support compliance, the <strong>European Commission will launch a digital portal<\/strong> with templates and guidance on EU and national reporting requirements.<\/p>\n<hr \/>\n<h1><strong>Due Diligence Obligations for Corporate Giants (5,000+ employees)<\/strong><\/h1>\n<p>Fewer companies will need to conduct due diligence to identify and reduce negative social and environmental impacts.<\/p>\n<p>Under the amended rules, the obligation applies only to:<\/p>\n<ul>\n<li>EU companies with <strong>more than 5,000 employees<\/strong> and <strong>\u20ac1.5 billion+ turnover<\/strong>, and<\/li>\n<li>non\u2011EU companies meeting the same EU turnover threshold.<\/li>\n<\/ul>\n<p>These companies must conduct <strong>risk\u2011identification assessments<\/strong> across their value chain and may only request information from smaller partners (&lt;5,000 employees) if the required details <strong>cannot be sourced elsewhere<\/strong>.<\/p>\n<p>Preparing transition plans is <strong>no longer mandatory<\/strong>, though companies remain <strong>liable at national level<\/strong> for misapplication and can face fines of up to <strong>3% of global net turnover<\/strong>.<\/p>\n<p>The due diligence directive applies <strong>from 26 July 2029<\/strong> for all affected companies.<\/p>\n<hr \/>\n<h1><strong>Statement from the Legal Affairs Committee Rapporteur<\/strong><\/h1>\n<p><strong>J\u00f6rgen Warborn (EPP, Sweden)<\/strong>:<\/p>\n<blockquote><p>\u201cParliament has listened to the concerns raised by Europe\u2019s job creators. With broad majority support, today\u2019s vote delivers historic cost reductions while keeping Europe on track to meet its sustainability targets. This is an important first step in the ongoing effort to simplify EU rules.\u201d<\/p><\/blockquote>\n<hr \/>\n<h1><strong>Next Steps<\/strong><\/h1>\n<p>The proposal was adopted with:<\/p>\n<ul>\n<li><strong>428 votes in favour<\/strong><\/li>\n<li><strong>218 against<\/strong><\/li>\n<li><strong>17 abstentions<\/strong><\/li>\n<\/ul>\n<p>The final text must now be <strong>formally adopted by the Council<\/strong>.<\/p>\n<p>The directive will enter into force on the <strong>20th day following publication in the Official Journal of the EU<\/strong>.<\/p>\n<hr \/>\n<h1><strong>Background<\/strong><\/h1>\n<p>The updated sustainability rules form part of the <strong>European Commission\u2019s Omnibus I simplification package<\/strong>, introduced in February 2025 to:<\/p>\n<ul>\n<li>reduce administrative burdens,<\/li>\n<li>make compliance easier for businesses,<\/li>\n<li>and strengthen EU competitiveness.<\/li>\n<\/ul>\n<p>Following earlier delays to reporting and due diligence obligations, this proposal focuses on simplification and reduced administrative load.<\/p>\n<hr \/>\n<h1><strong>Hungarian Regulatory Context<\/strong><\/h1>\n<p>In Hungary, sustainability reporting (CSRD) is currently regulated by the:<\/p>\n<ul>\n<li><strong>Accounting Act<\/strong> <em>(Act C of 2000 on Accounting)<\/em><\/li>\n<\/ul>\n<p>Due diligence obligations are regulated by the:<\/p>\n<ul>\n<li><strong>ESG Act<\/strong> <em>(Act CVIII of 2023 on sustainable finance and corporate responsibility)<\/em><\/li>\n<\/ul>\n<p>At present, <strong>the two laws do not cover the same obligated company groups<\/strong>.<\/p>\n<h3><strong>Under the Accounting Act<\/strong>, companies are required to report if, in the two previous consecutive financial years, at least two of the following thresholds were exceeded:<\/h3>\n<ul>\n<li>Balance sheet total: <strong>HUF 10 billion<\/strong><\/li>\n<li>Annual net turnover: <strong>HUF 20 billion<\/strong><\/li>\n<li>Average number of employees: <strong>250<\/strong><\/li>\n<\/ul>\n<h3><strong>Under the ESG Act<\/strong>, obligations apply to:<\/h3>\n<ol>\n<li><strong>Public\u2011interest entities<\/strong> exceeding:\n<ul>\n<li>Balance sheet total <strong>HUF 10 billion<\/strong>,<\/li>\n<li>Net turnover <strong>HUF 20 billion<\/strong>, and\/or<\/li>\n<li><strong>500 employees<\/strong>,<br \/>\n<strong>or<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Non\u2011public\u2011interest large companies<\/strong> whose primary activity falls under the TE\u00c1OR sector list in Annex 1 <strong>and<\/strong> exceed:\n<ul>\n<li>Net revenue <strong>HUF 90 billion<\/strong>,<\/li>\n<li>Average employees <strong>500<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p>\u27a1\ufe0f Based on these differences, <strong>both the Accounting Act and the ESG Act are expected to be amended<\/strong> soon to align with EU simplification goals. We will report on the changes as soon as they are published.<\/p>\n<hr \/>\n<h1><strong>Free 30\u2011Minute Consultation<\/strong><\/h1>\n<p><strong>You know you need to act \u2014 but not sure what exactly? We\u2019re here to help.<\/strong><\/p>\n<p>Corporate sustainability is complex, and regulations change rapidly.<\/p>\n<p>Many companies have just exited the obligated category, while others now face new expectations.<\/p>\n<p>If you\u2019re unsure whether CSRD applies to you, whether you must prepare an ESG report, or simply want clarity on what your organisation needs\u2014this is your chance.<\/p>\n<h3><strong>Book your free 30\u2011minute online consultation<\/strong><\/h3>\n<p>During the call:<\/p>\n<ul>\n<li>we help you interpret the regulations relevant to your company,<\/li>\n<li>assess your specific needs,<\/li>\n<li>and outline clear next steps.<\/li>\n<\/ul>\n<p><strong>No commitment. No cost. Only clarity and informed decisions.<\/strong><\/p>\n<p>\ud83d\udc49 <a href=\"https:\/\/planet-fanatics-network-kft.reservio.com\/\"><strong>BOOK NOW<\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After nearly a year of back\u2011and\u2011forth negotiations, Omnibus I has finally reached the finish line: the European Parliament has just adopted the compromise on CSRD and CSDDD.<\/p>\n","protected":false},"author":3,"featured_media":4166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[119],"tags":[419,422,421,407,416,406,420,418,423,417,415,353],"_links":{"self":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts\/4157"}],"collection":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/comments?post=4157"}],"version-history":[{"count":1,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts\/4157\/revisions"}],"predecessor-version":[{"id":4171,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts\/4157\/revisions\/4171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/media\/4166"}],"wp:attachment":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/media?parent=4157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/categories?post=4157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/tags?post=4157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}