SME Europe reposted this
On 26 February, President Ursula von der Leyen will present the first Omnibus simplification proposal, focusing on three major ESG laws: 🔹CSRD – Corporate Sustainability Reporting Directive 🔹CS3D – Corporate Sustainability Due Diligence Directive 🔹Taxonomy Regulation Recently, I co-hosted an event with SME Europe and Eurochambres on this first Omnibus package. Thank you to the nearly 150 participants who joined the discussion, highlighting the demand for slashing red tape. We explored how excessive regulatory complexity is stifling growth, especially for SMEs. While I believe the Omnibus is a step forward, it is not enough. We must extend simplification efforts beyond climate regulation to the digital sector. Regulations such as GDPR and the AI Act—while well-intended—have created a complex and costly environment for businesses. For Europe to lead in innovation and competitiveness, regulation must be a catalyst for growth—not a roadblock. Simplification does not mean lowering standards or compromising policy goals. Smart, well-designed regulation supports both growth and sustainability. But excessive bureaucracy creates barriers, drives up costs, and stifles innovation. Businesses need legal certainty, but from clear, practical rules—not an ever-growing compliance burden. I believe this is a key moment, and it must mark the start of a long-term commitment to simplification.