EMEA > Europe > EU’s sweeping corporate due diligence law clears final hurdle

EU’s sweeping corporate due diligence law clears final hurdle

Published 12:02 on May 24, 2024 / Last updated at 12:02 on May 24, 2024 / / EMEA (Europe), Net Zero Transition (Investment, Reporting & Disclosure, Transport & Heating Fuels)

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The Council of EU member states voted Friday to adopt the bloc's Corporate Sustainability Due Diligence Directive (CSDDD), requiring companies with a turnover of more than €450 million to observe human rights and environmental obligations along their entire supply chain or face fines of up to 5% of their global turnover.
The Council of EU member states voted Friday to adopt the bloc's Corporate Sustainability Due Diligence Directive (CSDDD), requiring companies with a turnover of more than €450 million to observe human rights and environmental obligations along their entire supply chain or face fines of up to 5% of their global turnover.


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