On March 17, 2026, The European Commission launched consultations on the revision of the EU Taxonomy[1]. The proposals aim to simplify criteria and align the taxonomy[2] with updated reporting requirements following the simplification package. The consultation period lasts until April 14, 2026[3], which practically means that companies operating in the energy, transport, construction, forestry, and…
On March 18, 2026, Science Based Targets initiative (SBTi) published version 1.2[5] of the Forest, Land and Agriculture (FLAG) guidelines, significantly tightening rules for companies with a substantial land footprint, including sectors like agriculture, FMCG, retail, paper, and materials. From 2026, new targets must mandatorily include a “no-deforestation” commitment, linked to the new GHG Protocol…
Starting March 19, 2026, the Omnibus Directive (EU) 2026/XXX, which simplifies[1] reporting requirements under CSRD and CSDDD comes into effect. Companies in the so-called Wave 1, already reporting for 2024, received a 2-year relief for 2025–2026[2], while Wave 2 companies – large EU and international firms employing at least 1000 workers – will start reporting…
On 26 February, Directive 2026/470[1] (“Omnibus 1”) was published in the Official Journal of the European Union, dramatically narrowing the scope of the CSRD and CS3D/CSDDD directives. Mandatory sustainability reporting will cover only groups employing at least 1,000 employees and with net turnover of 450 million EUR, while due diligence on human rights and environmental…
On February 26, 2026, in the Official Journal of the EU[4] was published Directive (EU) 2026/470 (“Omnibus I”)[14], which drastically narrows the scope of non-financial reporting under CSRD and due diligence obligations under CSDDD (CS3D). After the changes, CSRD will cover only companies exceeding simultaneously 1,000 employees[5] and 450 million euros in annual net turnover,…
On February 24, 2026, The EU Council approved the Omnibus I directive[2], concluding a year-long process of simplifying the Union’s sustainability regulations. The new council rules drastically raise the thresholds for inclusion under the CSRD to 1,000 employees and 450 million euros in net annual turnover, and for the CSDDD to 1.5 billion euros turnover…
The Environmental Protection Agency (EPA) published on February 12, 2026[2] a final regulation that repeals the so-called Endangerment Finding from 2009[1] for greenhouse gases emitted by vehicles. The document challenges the interpretation that the Clean Air Act grants EPA authority[3] to regulate CO₂ emissions from new cars and trucks without explicit Congressional mandate. The rule…
From January 1, 2026, the EU’s Carbon Border Adjustment Mechanism (CBAM) enters its definitive phase[1]. Importers of steel, aluminum, cement, fertilizers, electricity, and hydrogen into the European Union must register as authorized CBAM declarants[2] and are required to purchase certificates linked to the weekly average EU ETS allowance price[3], which at the beginning of February…
On January 26, 2026, Belgium, Denmark, France, Germany, Iceland, Ireland, Luxembourg, the Netherlands, Norway and the United Kingdom signed the so-called Hamburg Declaration[1], committing to building 100 GW of offshore wind capacity[2] in the North Sea by 2050. The investment package foresees installing 5 GW annually[3] between 2031 and 2040, investments of 9.5 billion euros…
In late January 2026, the EU fully launched CBAM and prepares ESG reporting reforms amid renewable energy growth data.