Insights of experts

We’re excited to introduce Grant Thornton’s new series on trending international insights, with a look at how disruption can drive growth and set mid-market firms apart. Instability has come to define the global business landscape. Today, business leaders face an unprecedented array of both routine operational challenges and unpredictable global or regional shocks – challenging their ability to function and grow. From infrastructure breakdowns and cyberattacks to climate disasters and volatile shifts in global trade, disruption has become a daily reality.

On 26 February 2025, the European Commission released the Omnibus package to amend key pillars of the European Green Deal, including the CSRD, CSDDD, and Taxonomy Regulations. The goal is to reduce reporting burdens and increase efficiency in sustainability reporting. The European Parliament adopted the 'stop-the-clock' directive on 3 April 2025, postponing CSRD and CSDDD requirements to give entities more time to prepare. The main substantive change is the increase in reporting thresholds. Businesses in Estonia, Latvia, and Lithuania view these changes positively, as they provide more time for preparation and potential cost savings. The Commission has also notified EFRAG to revise the ESRS reporting standard by October 31, 2025.