Common Contracts
1 similar Corporate Sustainability Due Diligence Directive contracts
Corporate Sustainability Due Diligence - provisional agreementCorporate Sustainability Due Diligence Directive • July 6th, 2021
On 14 December 2023, the Council of the EU and the European Parliament reached a provisional agreement on the Corporate Sustainability Due Diligence Directive (“CSDDD”). The CSDDD will introduce mandatory due diligence obligations on both EU and non-EU companies and will also establish the basis for those companies to incur liability for violating those obligations. The provisional agreement has resulted in a more limited scope of the CSDDD but stronger provisions on civil liability and sanctions. This alert presents the key elements of the provisional agreement, to the extent known based on the Council of the EU’s press release, compared to the Commission’s proposal.
