The Risk Advisory Group’s Post

Great news from the European Parliament: The Corporate Sustainability Due Diligence Directive (CSDDD) has been approved! 🌱 This marks a significant milestone in corporate governance, as the directive mandates thorough due diligence processes to address human rights and environmental impacts within company supply chains. The culmination of nearly five years of negotiations, involving nine Parliamentary Committees and over 3,000 amendments, this directive sets a new standard for corporate responsibility in the EU 🇪🇺 Key Learnings: 🧠 The CSDDD emphasizes the importance of engaging with stakeholders and understanding the full scope of corporate impacts. It highlights a growing shift towards mandatory due diligence, pushing beyond voluntary frameworks towards enforceable standards. As businesses prepare to implement these new requirements, understanding the directive's implications is crucial. 🌍 For expert insights and guidance on compliance with the CSDDD read our article : https://hubs.li/Q02tWCSh0 #CorporateAccountability #Sustainability #DueDiligence #EU

Breaking news: the EU reached an agreement on the Corporate Sustainability Due Diligence Directive (CSDDD)! ⚠ This new law requires large companies to conduct due diligence on their supply chains and assess the social and environmental impact of their operations. The agreement is a significant development in the ongoing effort to promote corporate sustainability and accountability. While the CSRD requires transparency, the CSDDD will introduce obligations to act and make it easier to bring claims against a company that has negatively affected stakeholders. These new rules go beyond the own operations. Large companies will also have to deal with actual and potentially harmful impacts of themselves and their partners on the environment and human rights 🌎✔ If you have any questions about how this agreement may affect your business, please don't hesitate to reach out to us. We are here to help you navigate this complex landscape and achieve your sustainability goals. For more information, see: Corporate sustainability due diligence: Council and Parliament strike deal to protect environment and human rights - Consilium (europa.eu) ▶ https://okt.to/IvRkdB #sustainability #duediligence #corporateresponsibility #EU #environment #humanrights #BDO

YES or no: What happened to the Corporate Sustainability Due Diligence Directive? 🤔🚨 Today, EU member states came together in Brussels to vote for the Corporate Sustainability Due Diligence Directive. The CSDDD council vote was postponed to Wednesday. Some EU governments campaigned against the implementation of the CSDDD, which in turn caused uncertainty among other EU member states. Let me remind you why the CSDDD voting needs a big YES : 1️⃣ The CSDDD is a legal framework. Companies will be obligated to map out, prevent and reduce social & environmental risks in their supply chains. 2️⃣ Therefore, it's a great regulatory step forward in the protection of the environment and human rights. 3️⃣ Companies will be held accountable and receive penalties if they violate the measures. 🇪🇺 The #CSDDD stands for justice, climate action and doing business responsibly. We don't have the luxury to sit and wait much longer. Upcoming Wednesday we need the big YES! 🌍

MEPs have voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), giving the final green light to rules requiring firms to prevent and mitigate negative impacts on human rights and the environment in their supply chains. More here 👉https://ow.ly/sbe150Rnj58 #EuropeanParliament #CRELegal #LegalRegulation

We have written for Law 360 about the new CS3D - in particular about the challenges large global companies may face in getting an accurate picture of their supply chains, particularly if they have large corporate structures and operate in countries with high levels of corruption. Read our article on CS3D - what it is, which global companies it applies to and our recommendations as to next steps.

MEPs have voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), giving the final green light to rules requiring firms to prevent and mitigate negative impacts on human rights and the environment in their supply chains. More here 👉https://ow.ly/hAkP50Rnj5a #EuropeanParliament #CRELegal #LegalRegulation

MEPs have voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), giving the final green light to rules requiring firms to prevent and mitigate negative impacts on human rights and the environment in their supply chains. More here 👉https://ow.ly/Gn9v50Rnj5b #EuropeanParliament #CRELegal #LegalRegulation

MEPs have voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), giving the final green light to rules requiring firms to prevent and mitigate negative impacts on human rights and the environment in their supply chains. More here 👉https://ow.ly/rPNr50Rnj57 #EuropeanParliament #CRELegal #LegalRegulation

MEPs have voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), giving the final green light to rules requiring firms to prevent and mitigate negative impacts on human rights and the environment in their supply chains. More here 👉https://ow.ly/H4Fb50Rnj59 #EuropeanParliament #CRELegal #LegalRegulation

In an article for Law360, Partner Lucy Blake, Senior Associate Karam Jardaneh, and Associate Elizabeth P. examine the ground-breaking Corporate Sustainability Due Diligence Directive (CSDDD) recently approved by the European Parliament.   It establishes a standard for corporate due diligence concerning human rights and environmental matters, with potential penalties of up to 5% of global net turnover for non-compliance.    The article discusses the scope of the CSDDD, which will apply not only to EU companies but also large global companies with operations in the EU. It also discusses key takeaways, including what the CSDDD requires, enforcement mechanisms, implementation timelines, and recommended next steps companies can take.   Read more: https://lnkd.in/gJi_Hj7k   #CSDDD #EU #HumanRights