Sustainability now: EU Omnibus in motion – August 2025 update

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Recent weeks have brought notable progress on the European Commission’s Omnibus package. In this episode, we examine the key developments from July — including amendments to the EU Taxonomy regulation, EFRAG’s extended deadline, and major revisions to the European Sustainability Reporting Standards (ESRS). We also discuss the potential implications for businesses as the legislative process advances, including why “wave 1” reporters must stay alert even if the changes aren’t finalized yet.

In this episode, we discuss:

• 1:09 – July’s major EU sustainability developments 
• 4:18 – Deadline extension for EFRAG revisions
• 7:22 – The “quick fix” delegated act and wave 1 reporting relief
• 13:55 – Major revisions to ESRS 
• 21:38 – Status of the broader content proposal
• 25:15 – Breaking down the EU legislative process and expected timelines

Get caught up on the EU Omnibus package:

• New reliefs for ESRS ‘wave 1’ reporters
• EFRAG’s next step toward revised ESRS
• European Commission adopts revisions related to Taxonomy Regulation
• Sustainability now: EU Omnibus in motion – June 2025 update
• Sustainability now: EU Omnibus in motion – May 2025 update
• Sustainability now: Navigating “Omnibus” uncertainty

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.

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