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
Lawmakers fail to reach agreement on sustainability Omnibus as key vote looms
Lead Parliament negotiator has proposed two options, one of which he says has majority backing.
EU Omnibus: Crunch time amid tense negotiations and US pressure
Parliament groups in final stretch of deliberations on sustainability reporting and due diligence rules ahead of October votes.
SEC chair calls on IFRS to prioritise accounting standards over ISSB
Paul Atkins said 'specious and speculative issues' should not divert attention from financial accounting standards.
EU Omnibus: Unclear whether Parliament will meet October deadline for vote
Debate after von der Leyen state of union speech shows pro-European forces remain at odds.
EU to ‘exchange views’ with US on due diligence, deforestation rules
European Commission says it will not grant US companies ‘more favourable treatment’ under CSDDD.
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