Primary Law
3 instrumentsReduces CSRD scope from 50K to ~5K companies. Delays CSDDD (Corporate Sustainability Due Diligence Directive) entry by 2 years. Revises ETS II transport provisions. Industry welcomes as burden reduction; NGOs call it “Green Deal evisceration.” Estimated €6.3B/yr regulatory cost reduction for EU businesses.
Second wave targeting: Taxonomy Regulation reporting simplification, supply chain due diligence thresholds, SME exemptions expansion, product safety reporting streamlining. More controversial than Package I. EP Left/Greens preparing amendments to preserve core sustainability obligations.
Post-COVID instrument allowing Commission to activate emergency measures for single market disruptions: strategic reserves, export restrictions, priority orders for critical goods. Complements CRMA and Chips Act crisis mechanisms. Tested but not yet activated in real crisis.