Latest Posts
Search for:
Category

EUROPEAN UNION

Category
In EUROPEAN UNION

EU Commission proposes a 12 month extension to implementation of the EU Deforestation Regulation and confirms publication of new guidance

by and 3 Mins Read

On 2 October 2024, after months of speculation, the EU Commission announced a proposal for a further 12 months of “phasing-in” time for the implementation of the EU Deforestation Regulation (“EUDR”), as well as the publication of its long-awaited guidelines and updated FAQs relating to the EUDR (see press release here). The announcement of the extension comes after multiple global stakeholders, including German chancellor Olaf Scholz, called for implementation to be delayed amidst concerns about…

In ESG

Supply Chain Due Diligence in the EU – FAQs on the Corporate Sustainability Due Diligence Directive (CSDDD)

by , , and 7 Mins Read

On July 25, 2024 the Corporate Sustainability Due Diligence Directive (CSDDD) came into force. Generally, the directive imposes new due diligence obligations on large companies operating in the EU. The legislator requires them to identify, prevent, mitigate, and remediate human rights violations and environmental impacts throughout their entire “chain of actions”. The member states shall transpose the CSDDD into national law by July 26, 2026. As businesses are trying to navigate through this evolving regulatory…

In EUROPEAN UNION

Corporate sustainability due diligence: The European Council and the European Parliament have finally reached a provisional agreement with the aim to protect the environment and human rights

by and 4 Mins Read

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…

In Compliance

Due Diligence in Supply Chains – Update on human rights and environmental due diligence requirements in the EU

by 3 Mins Read

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…