Today, the Council of the EU approved a watered-down version of the Corporate Sustainability Due Diligence Directive (CSDDD). It includes a severely reduced scope: Only about 0,05% of companies across the EU will be subject to the new law, a cut of roughly 2/3 - compared to the December trilogue outcome.
"The Belgian Presidency of the Council managed to save EU companies from having to comply with a patchwork of national laws and found agreement on a common EU response to exploitation in global value chains. However, the cuts introduced at the eleventh hour leave a bitter aftertaste: They will likely reduce the positive impacts on people working in the value chains of EU companies due to the reduced scope and throw into doubt the reliability and legitimacy of normal EU decision-making processes," says Julia Otten, Senior Policy Officer at Frank Bold.
Today's approval builds on four years of work done by the European Commission, European Parliament and by the Member States - alongside with the engagement from trade unions, civil society and businesses. As Frank Bold, we advocated for defining a level-playing-field on responsible corporate conduct for large companies in the EU and designing an effective EU response to the race to the bottom in global value chains.
It is now the turn of the European Parliament to take the high road and cast the definitive vote in favour of an agreement that, while imperfect, will contribute to fairer and more sustainable global value chains.
Less than a week apart, the end of the year brought two developments in the case of the impact of the Turów mine on the environment in Czechia. Both developments are in line with the long-term efforts of Frank Bold experts to make information on the state of groundwater available and to mitigate the overall impact of mining.
Brussels, Prague – The European Commission today published the European Grids Package (EGP), a comprehensive set of measures aimed at strengthening energy security and competitiveness across the EU.
After one year of rushed and frenzied political decision-making on the Omnibus 1 package, the EU has come to a decision.
