Author

Seher Budak

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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…

Soon, substantial penalties can be expected for non-compliance with the proposed Corporate Sustainability Due Diligence Directive (“CSDDD”) which oblige companies to implement due diligence processes to address their adverse impact on slavery, child labor, labor exploitation, biodiversity loss, pollution, and environmental degradation. What is new? On 23 February 2022, the EU Commission proposed the CSDDD.[1] Later, on 30 November 2022 the EU Council adopted its negotiating position (“general approach”) on the CSDDD.[2] Recently, on 1…