How does the VSME recommendation relate to the planned voluntary standard of the Omnibus I package?
Short answer: The EU Commission uses the current VSME as a basis for a later voluntary standard to be adopted through a delegated act as part of the Omnibus package[64].
On February 26, 2025, the EU Commission published the Omnibus I simplification package. It proposes raising the CSRD threshold to companies with more than 1,000 employees and introducing a voluntary reporting standard for smaller companies through a delegated act. This new standard is based on the VSME and will be substantively linked to the "value-chain cap"[65]. This means that companies following the standard only need to provide the information defined in the standard. Changes are possible, as the final text depends on negotiations between EU co-legislators[66].