Corporate Sustainability Due Diligence Directive
The Council of the EU has approved the proposed CSDDD. This Directive establishes a framework to encourage companies operating in the single market to contribute to respecting human rights and the environment in their own operations and value chains.
Once published in the Official Journal of the European Union (OJEU), it will enter into force 20 days after its publication and its implementation will be phased in from 2027, with full application from 2029 for target companies, affecting their own operations, those of their subsidiaries and those of their value chain. Member States will have two years from the date of entry into force to publish the regulatory and administrative provisions necessary to comply with the provisions of the Directive.
For more information, please visit: https://www.managementsolutions.com/e...