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
Negotiators in final push to get EU deal on watered-down CSDDD
Increased thresholds, new phase-ins and value chain changes proposed by Belgian presidency in effort to reach compromise.
CSDDD faces ‘race against time’ after EU member states fail to back text
Stakeholders lambast lobbying as future of due diligence directive hangs in the balance.
ESG round-up: CSDDD vote scheduled for Wednesday
The latest developments in sustainable finance: Business Council of Australia calls for delay to climate reporting; financial institutions lag on deforestation, says Global Canopy.
ESG round-up: CSDDD vote postponed again
The latest developments in sustainable finance: ESMA preparing greenwashing indicators; ISDA launches climate scenarios for bank trading books.
German infighting grows as CSDDD approaches key vote
Pharma giant Bayer breaks with own industry association to call for law to be passed as politicians battle over German position in key vote.
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