News 2026

Last week, Member States in the EU Council formally adopted the first Omnibus Simplification Package (OSP) on Sustainability Reporting. This marked the final procedural step, and the text has since been published in the EU Official Journal.

The simplification law will enter into force on 18 March, 2026. Member States will then have one year to transpose the provisions into national legislation, except for Article 4 on the level of harmonisation, which must be complied with by 26 July, 2028 at the latest.

FIEC welcomes the outcome of this simplification initiative, which strengthens both the credibility of EU sustainability policy and the competitiveness of European businesses.

Access Directive (EU) 2026/470 in the EU Official Journal here.