Sustainability now: EU Omnibus in motion – May 2025 update
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A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com)

We're excited to share another video edition of our podcast on sustainability reporting—watch along as our sustainability specialists dive into the latest developments. 

In this episode, we provide an update on the European Commission’s Omnibus package and what it means for sustainability reporting under the ESRS framework. From the formal delay in wave 2 and wave 3 reporting requirements to expected simplifications of ESRS standards, we explore the latest legislative and technical developments and what companies should anticipate next. Drawing on insights from the recent EFRAG meeting and our response to their request for comment, we also highlight how stakeholder feedback is shaping the evolving landscape. 

In this episode, we discuss: 

• 1:19 – Overview of the EU’s omnibus package and its impacts to ESRS 
• 3:00 – Legislative status of the “stop the clock” proposal and next steps for the content proposal 
• 15:22 – EFRAG’s “actionable levers for substantial simplification” 
• 18:38 – PwC’s response to EFRAG Questionnaire for Public Feedback: ESRS Set 1 Revision 
• 31:39 – Status of proposed amendments to the EU taxonomy and advice for companies during this time of change

Resources mentioned in today’s episode: 

• Sustainability now: Insights from the first CSRD reports)  
• In search of sustainable value: The CSRD journey begins) 
• PwC responds to EFRAG Questionnaire for Public Feedback: ESRS Set 1 Revision)

Looking for the latest developments in sustainability reporting? 

• Refer to our publication) on the EU Omnibus proposals along with our prior podcast episode, Sustainability now: Navigating “Omnibus” uncertainty)
• Read PwC’s Sustainability reporting guide) 
• Check out our sustainability reporting podcast series)

Guest: Diana Stoltzfus) - Partner,  PwC National Office 

Host: Heather Horn) - PwC National Office Sustainability and Thought LeaderTranscripts available upon request for individuals who may need a disability-related accommodation. *Please send requests to *[email protected])