A balanced compromise on Corporate Sustainability Due Diligence will shape the future of EU companies

One of the most discussed proposals of the 2019-2024 legislative term, the Corporate Sustainability Due Diligence Directive, reached a significant milestone in mid-April when the European Parliament lead committee on the dossier, Legal Affairs, adopted its draft text by a large majority. The proposal sets out new rules obliging large companies to identify, prevent, bring to an end or mitigate the impact of their supply chain activities on human rights and the environment.

Eurochambres has been actively engaged in discussions on the proposal for over three years under the coordination of our Senior Policy Advisor for Single Market, Frederico Martins, who explains in this article why it is important for EU lawmakers to carefully reflect on what’s at stake and guarantee a level playing field for those companies that will have to comply with the new rules.