The U.S. Chamber of Commerce agrees with the spirit of the European Union’s (“EU”) Corporate Sustainability Due Diligence (“CS3D”) Directive (“Directive”), which seeks to improve the efficiency, resilience, and long-term sustainability of global supply chains. ...
The EU Corporate Sustainability Due Diligence Directive (CS3D or the Directive) is a significant piece of legislation as it mandates obligations on in-scope “companies” to enhance the protection of the environment and human rights both within the EU and globally through ...
endorsed a draft version of the text on the Corporate Sustainability and Due Diligence Directive (CS3D). This version was subsequently approved by the European Parliament’s Legal Affairs Committee on 19 March 2024. Hong Kong traders may recall that the CS3D aims to create due diligence requireme...
On 24 May 2024, the EU Council gave its final stamp of approval to the text of the Corporate Sustainability Due Diligence Directive (the Directive) after a tumultuous journey through the EU legislative process. The Directive is the result of nearly two years of negotiations and compromi...
Following initiatives such as the 1.5-degree Celsius goal for limiting global warming, established by theParis Agreement, the European Union has passed legislation to further those goals — theCorporate Sustainability Due Diligence Directive(CS3D). Proposed on February 23, 2022,...
The Corporate Sustainability Due Diligence Directive (CS3D) is a pivotal European Union directive that mandates human rights and environmental due diligence for in-scope EU and non-EU companies. The directive requires in-scope companies to conduct due diligence across their entire “chains of activiti...
value chain sustainability due diligence. For more information on the CSDDD, please see our previous client alerts “Proposed EU corporate sustainability due diligence directive: what US companies need to know” and “European Commission proposal for t...
The EU’s plan to oblige companies to police their value chains for human rights and environmental standards has been met with fierce opposition. However, for the mining industry, the new due diligence directive could prove to be a competitive advantage.
This comprehensive strategy encompasses various policies, including the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). These Directives aim to enforce transparency and accountability by requiring companies to disclose sustainability information ...
On 23 February 2022, the European Commission presented a legislative proposal for a Directive on Corporate Sustainability Due Diligence Directive (DD Proposal). In essence, the Directive requires certain companies to meet due diligence obligations with respect to human rights and environm...