home
news

Sustainable value chains: EU Council finds agreement on a common EU standard despite bitter concessions

share this article

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.

    (
)

You may also like these news

All news
12/5/2017

Inhabitant of Ostrava suffering from lung cancer sues the Ministry of the Environment for air pollution

Yesterday, on 5 November 2018, a lawsuit against the Ministry of the Environment (MoE) on liability for health damages and death of her husband from lung cancer was filed with the District Court in Prague 10. The plaintiff seeks damages for lung cancer, which she has managed to cure, but her husband has succumbed to the illness in October. The cause of the disease is seen in the long-term excessive concentration of air pollutants at their place of residence in Ostrava-Radvanice and in the fact that the MoE failed to provide effective measures to decrease the pollution to legal limit values.

All news
10/17/2017

Frank Bold Research Internship

The Brussels office of the public interest law firm Frank Bold is currently recruiting a Research Intern to start full-time in January 2017 for a period of four to six months.

Commentary on the guidelines for non-financial reporting

Where has the European Commission gone beyond and where has it fallen short?