The Omnibus package aims to simplify four sets of rules and has been welcomed by the business sector because it reduces obligations to report on their performance on environmental and social issues, as well as due diligence on their supply chains.
"Competitiveness is the new motto of this Commission, just as the Green Deal was the motto of the previous mandate led by Ursula von der Leyen. The idea is to cut red tape by 25% for companies, with a target of 35% for SMEs. The Commission says it's not deregulation, it's just simplification," says Gregoire Lory, who covers Green Deal policies for Euronews.
