Eurofuel, which represents the European liquid heating fuel sector, supports the European Commission’s initiative to create an Omnibus package for simplifying reporting requirements under EU legislation.
As a key stakeholder in Europe’s decarbonisation efforts, Eurofuel supports the EU’s commitment to greater transparency and accountability in corporate sustainability reporting. However, recent regulatory developments have added complexity and administrative burdens, particularly for SMEs in the liquid fuel sector.
Eurofuel calls on the Commission to ensure that simplification efforts result in a more coherent and practical regulatory framework, facilitating compliance rather than imposing additional barriers.
Aligning sustainability reporting with the Fit for 55 objectives
Aligning corporate sustainability reporting with the objectives of the European Green Deal and the Fit for 55 Package is a priority. The energy sector faces several challenges, including emissions reporting obligations under the EU ETS, as well as compliance requirements for renewable energy use and energy efficiency targets. Although the legislative framework of Fit for 55 is in place, its implementation still depends on numerous delegated and implementing acts, adding to regulatory uncertainty for the industry.
Eurofuel therefore urges the Commission to ensure that the Omnibus Simplification Package addresses these challenges by aligning sustainability reporting requirements with existing Fit for 55 obligations, minimising duplication, and providing greater regulatory clarity for businesses.
Conclusion
Eurofuel calls on the European Commission to ensure that the Omnibus Simplification Proposal delivers concrete improvements in reducing administrative burdens. This simplification initiative should:
- Remove redundant reporting obligations and harmonise sustainability frameworks;
- Align sustainability reporting requirements with Fit for 55 compliance responsibilities;
- Provide regulatory clarity and certainty, particularly for SMEs in the energy sector;
- Foster a competitive and secure energy market that supports decarbonisation without adding unnecessary barriers.
By addressing these priorities, the Omnibus Simplification Proposal can foster a regulatory environment that enables businesses to drive sustainability initiatives while ensuring a stable, competitive, and resilient energy supply for Europe.
