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
EFRAG to deliver first ESRS simplification update by 20 June
Omnibus lead negotiator confirms plans to water down CSRD, CSDDD scope; Council of the EU aiming to reach negotiating position before end of Polish presidency.
European Commission defends ‘urgency’ decision for Omnibus process
EU executive says process was ‘accelerated’ in response to stakeholder concerns on ‘complexity and implementation cost’.
EU round-up: Denmark rejects France and Germany’s calls to scrap CSDDD
Latest from Brussels: EU Ombudsman opens Omnibus inquiry; Council Presidency suggests way forward on Omnibus; 11 member states call for further simplification to EUDR.
EU could pause Scope 3, biodiversity and social disclosures for some large firms
Leaked draft proposal suggests three-year exemption for disclosures, while member states discuss swift end to reporting for firms with 501-1,000 employees.
EU lawmakers consider limiting mandatory ESRS datapoints to 100
Leaked draft opinion also suggests watering down the scope of CSRD, CSDDD to companies with 3,000 staff.
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