Revised EBF positioning on data and transition plans aspects of the Omnibus proposal

EBF POSITION

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Brussels, 22 September 2025 - The European Banking Federation (EBF) supports the European Commission's Omnibus proposal to ease administrative burdens and welcomes EFRAG's efforts to simplify ESRS reporting. However, the EBF stresses that supervisory expectations and regulatory requirements must be adapted in parallel, ensuring alignment with materiality, proportionality, and practical data availability. It calls for harmonized, standardized ESG data and improved access to existing national datasets to reduce costs and reliance on proxies. The EBF also underlines the need for transition plans to remain strategic tools rather than overly prescriptive requirements, emphasizing that they should focus on companies' feasible contributions to decarbonisation while recognizing external factors and regional differences.

You can read the full document here.

For more information:

Denisa Avermaete, Senior Policy Adviser - Sustainable Finance, [email protected]

Jānis Priekulis, Policy Adviser - Sustainable Finance,[email protected]

About the EBF:

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.