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A new joint publication with Client Earth on the Corporate Sustainability Due Diligence Directive helps EU Members states prepare for a meaningful transposition, ahead of the European Commission's expected implementation guidelines for the Directive next year.
Today, we're publishing our updated legal analysis of the Directive, jointly produced with Client Earth, focusing on our recommendations for effective transposition, from civil liability obligations to empowering supervisory authorities.
The publication focuses on the environmental and climate-related scope and obligations of both the CSDDD and the Corporate Sustainability Reporting Directive (CSRD), including their timelines for application, their due diligence obligations and climate transition plan requirement. The guidance also provides a clear picture of robust enforcement of the Directive, highlighting the critical role of administrative supervisory authorities, as well as civil liability and access to justice.
In the face of recent opposition addressed to the EU Commission by some business associations and specific governments from Nordic Europe, NGOs have reiterated their support for the European Commission commitment to present an initiative on Sustainable Corporate Governance in 2021, following the roadmap set in the EU Green Deal and the Action Plan on Sustainable Finance.
As part of the reform of the EU Non-Financial Reporting Directive, the European Commission plans to develop mandatory EU sustainability reporting standards. The analysis of the non-financial reports of 1000 European companies by the Alliance for Corporate Transparency has proven how companies fail to report relevant, specific and comparable information. While this is true for all sustainability matters, it is particularly exacerbated in the case of corporate impacts and risks along the supply chain.
The European Court of Justice has ruled that mining at Poland’s sprawling Turów coal mine must cease while the court processes a Czech government lawsuit against Poland for illegally operating the mine. The Polish mine pushes right up to the Czech and German borders and is depleting people’s water supplies and undercutting houses in nearby communities.
