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Sustainable value chains: European Parliament adopts its negotiating position on the Corporate Sustainability due Diligence Directive

Julia Otten

Today, the European Parliament has adopted its negotiating position on the proposal for a Corporate Sustainability Due Diligence Directive (CSDDD). A majority of 366 Members of the Parliament voted in favour of almost all the amendments endorsed by the Committee on Legal Affairs in April, with 225 votes against and 38 abstentions. The vote reflects cross-party support for an enhanced contribution by businesses to sustainability and a clear mandate for the rapporteur to negotiate with the Commission and the Council. 

The Parliament’s proposed amendments reinforce the risk-based approach to due diligence compared to the Commission’s proposal...

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Julia Otten

Fostering sustainable value chains

The Committee on Legal Affairs of the European Parliament adopts improvements on the Corporate Sustainability Due Diligence Directive Today the Legal Affairs Committee of the European Parliament has voted in favour of a set of compromise amendments to the Commission’s Draft Corporate Sustainability Due Diligence Directive (CSDDD). The Committee’s position was adopted with a strong majority of 19 to 3 votes. The compromises further strengthen the risk-based approach to due diligence compared to the Commission’s proposal and the Council’s General Approach.

Julia Otten

Joint Statement on the Corporate Sustainability Due Diligence Directive

Frank Bold, ShareAction, Accountancy Europe, Eurosif, Finance Watch and WWF, as members of the Informal Group on Sustainable Finance, have released a joint statement on the EU’s Corporate Sustainability Due Diligence Directive (CSDDD).In the statement, five key recommendations are suggested that will embed environmental, climate, and social impacts into the company's long-term strategy.

Susanna Arus

EU Commission’s advisory group publishes the first set of sustainability reporting standards. NGOs warn against reduction in ambition.

Sustainability reporting experts and NGOs welcome the adoption of the EU sustainability reporting standards (ESRS) by EFRAG submitted this week to the European Commission. Whilst the ambition of the ESRS remains limited in several areas, they represent a major improvement for companies as well as for users of sustainability information and address the biggest problems in quality and reliability of corporate reporting. 

Julia Otten

New podcast: Frankly Speaking about Responsible Business

We have launched ‘Frankly Speaking’ - a new podcast discussing the latest political, legal, and business developments in the field of ESG, business and human rights, and corporate reporting. 

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