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
ESG round-up: Council of EU adopts Omnibus ‘stop the clock’ proposal
The latest developments in sustainable finance: Danish FSA tells investors to improve active ownership disclosures; USAID suspension could encourage debt-for-nature swaps, says Nuveen.
German government to mothball national supply chain due diligence law
Coalition agreement also drops ambitions on sustainable finance amid focus on reduction in bureaucracy and regulation.
European Commission defends CSDDD changes in Omnibus after UN criticism
Member states will keep companies accountable despite removal of EU-wide civil liability regime for due diligence legislation, says commission.
EU Parliament tables possible timeline for CSRD, CSDDD contents negotiations
Draft timetable emerges as centre-right and centre-left groups pledge to work together on sustainability Omnibus legislation.
ESG round-up: EU lawmakers vote to delay CSRD and CSDDD
The latest developments in sustainable finance: CA100+ adds two target companies; GPIF updates sustainable investment policy.
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