The EU Corporate Sustainability Due Diligence Directive (CSDDD) will impose mandatory human rights and environmental due diligence requirements on companies in scope. The directive got final political approval in May 2024 and will be implemented through a “staged approach” to gradually cover all EU companies and parent firms with more than 1,000 employees and €450 million in turnover. Financial institutions will only be required to conduct due diligence on their own operations.
LATEST CSDDD NEWS
Potential reopening of EU ESG rules prompt fears among green investment groups
'Omnibus approach' promised by European Commission to promote competitiveness could cause implementation delays, experts warn.
Final CSDDD text approved in European Parliament
Greenlighting in Parliament means due diligence directive is on the homestretch of EU legislative process.
Comment: The next steps will be crucial for the success of CSDDD
Effective implementation of the EU's supply chain due diligence law will require focus and commitment, say Robert G Eccles, Richard Gardiner and Andrea Webster.
Lawmakers in European Parliament committee approve CSDDD
Legal affairs committee vote paves way for due diligence directive to move on to a full plenary vote next month.
CSDDD secures majority backing of EU member states
Future of due diligence directive much brighter after 'watershed moment', although the text has been watered down further.
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