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The European Commission’s Omnibus package continues to make its way through the legislative process. In this episode, we cover the most recent developments, including insights from recently leaked information and how businesses are reacting to potential changes. 

In this episode, we discuss:

• 2:53 – The legislative status of the content proposal and areas of debate
• 7:40 – Preparer feedback on the proposed changes in the content proposal
• 10:13 – Leak of Delegated Acts proposed to be deleted: Highlights and implications
• 14:46 – Changes to expect in the forthcoming ESRS drafts and timing of the comment period
• 17:10 – Themes in feedback shared with EFRAG
• 23:22 – Potential ESRS reliefs: materiality expansion, use of estimates, and grace periods for acquisitions

Get caught up on the EU Omnibus package:

• Sustainability now: EU Omnibus in motion – May 2025 update
• Sustainability now: Navigating "Omnibus" uncertainty
• European Commission publishes ‘Omnibus’ proposals

Looking for the latest developments in sustainability reporting?

• Read PwC’s Sustainability reporting guide
• Check out other episodes in our sustainability reporting podcast series

About our guest

Diana Stoltzfus is a partner in the National Office who helps to shape PwC’s perspectives on regulatory matters, responses to rulemakings and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the OCA’s Professional Practices Group.

About our host

Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected]

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