EU Corporate Sustainability Due Diligence Directive (Draft) – recent developments
On 14 December 2023, the Council of the European Union (the “Council”) and the European Parliament each issued a press release announcing that a “provisional agreement” regarding the draft Corporate Sustainability Due Diligence Directive (“CSDDD”) has been reached. While formal endorsement and adoption by both institutions is still outstanding, the announcements nevertheless mark a major step forward in the inter-institutional negotiations at the core of the EU’s legislation process.
On 23 February 2022, the European Commission submitted a proposal for a CSDDD to the European Parliament and to the Council. By obligating large companies and other companies in the scope of the proposal to conduct corporate...To read the full article, please see the PDF file
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