Corporate Sustainability Due Diligence Archives

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

December 27, 2023 by Seher Budak and Matilda Nyman 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

July 21, 2023 by Seher Budak 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…

In Compliance

EU Commission Publishes Draft Directive on Corporate Sustainability Due Diligence

February 25, 2022 by Adeel Haque, Anahita Thoms LL.M., Rachel MacLeod, Graham J. Stuart and Dr. Alexander Ehrle LL.M. (NYU) 3 Mins Read

On 23 February 2022, the EU Commission published its proposal for a directive on corporate sustainability due diligence obligations, which aims to foster sustainable and responsible corporate behaviour throughout global value chains. Scope The new due diligence rules will apply to: all EU limited liability companies with 500+ employees and EUR 150 million+ in net turnover worldwide (“Group 1”); and other limited liability companies operating in defined high impact sectors (e.g. the textile, mining and…