On 14 December 2023, the European Council[1] and the European Parliament[2] announced that they have reached a provisional agreement on the new Corporate Sustainability Due Diligence Directive (“CSDDD”), which sets out obligations for companies to mitigate their negative impact on human rights and the environment, around issues such as child labor, slavery, labor exploitation, biodiversity loss, pollution and environmental degradation. This provisional agreement marks a significant milestone in the legislative process of introducing the CSDDD…