With the entry into force of Directive (EU) 2026/470 on 18 March 2026, the Omnibus I package has become operational, launching a significant review of the European framework on sustainability and sustainable finance.
The intervention particularly affects the CSRD and CSDDD, aiming to reduce compliance burdens and narrow the scope of companies subject to the related obligations.
CSRD (Corporate Sustainability Reporting Directive) Amendments
Regarding the CSRD, the new framework limits its scope to large companies exceeding 1,000 employees and €450 million in annual net turnover, significantly reducing the number of entities required to report ESG under European standards. In Italy, the perimeter shrinks to just a few hundred companies, mainly concentrated among major groups and the most economically significant entities.
CSDDD Amendments
As for the CSDDD, the review introduces more selective criteria, applying due diligence obligations only to companies with at least 5,000 employees and €1.5 billion in turnover. In Italy, the obligations will focus on a very limited number of large operators, excluding almost all SMEs.
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