The European Commission has adopted the “Omnibus” package of simplifications, which is to considerably reduce the number of entities covered by mandatory ESG reporting by raising employment thresholds to 1000 employees. The changes also provide for postponing the implementation dates, simplifying taxonomy, as well as reducing monitoring in the supply chain, while at the same time maintaining the primary objectives of the European Green Deal.
More in the new BDO Alert.
More in the new BDO Alert.