The workplace has undergone a dramatic transformation in recent years, driven by shifting employee priorities and an increasingly diverse workforce. With multiple generations in the mix, companies must adapt their environments to meet evolving expectations.

A sweeping rollback of key European Union (EU) green laws is on the table, potentially relieving tens of thousands of businesses from disclosing their environmental impact and climate risks. Last month, the European Commission (the Commission) announced that 80 per cent of EU companies could be exempt from mandatory sustainability disclosure requirements under its eagerly anticipated Simplification Omnibus package – marking a stark shift from the EU's previously aggressive environmental stance.

On the 26th February, the EU Commission announced its ‘Omnibus’ package, confirming the simplifications to the Carbon Border Adjustment Mechanism (CBAM). The proposal document and supporting ‘Commission Staff Working Document’ (SWD) were released the following day, outlining amendments to CBAM Regulation 2023/956. Baker Tilly Ireland have reviewed the key points of interest from the proposal document and provided analysis.