We have published an updated version of our position paper on the EU’s Corporate Sustainability Due Diligence Directive (CSDDD), to inform our advocacy and engagement activities on CSDDD as it progresses through interinstitutional trilogue discussions.
This builds on our original position paper, drafted in collaboration with members in February 2023, with additional detail on recent developments and emphasises the need for an ambitious and workable resolution on CSDDD ahead of the planned finalisation of the Directive by the end of 2023.
Whilst significant progress has been made over the last 12 months and we acknowledge the valuable changes that Member States and the Parliament have made to the original Commission proposal, a number of critical issues remain outstanding, which could impede the legal clarity, impact, and effectiveness of the Directive.
These issues need to be urgently resolved during the trilogue discussions to ensure that CSDDD is fit-for- purpose and coherent with the EU’s wider framework on sustainable finance.
