FEATURE
DID THE EU BETRAY ITS GREEN AGENDA WITH A SCALED-BACK VERSION OF THE CSDDD ?
The CSDDD represented a major change in the way businesses could operate in the EU , with a focus on sustainability in a company ’ s operations and throughout the supply chain . But Naomi Grossman , Learning and Content Manager at compliance e-learning specialist , VinciWorks , questions why the final directive was watered down to cover fewer companies . the environment , maintain social justice and promote a stronger , sustainable economy .
But the directive as it was originally conceived lost some of its bite in passage , with a watereddown version finally approved by the European Parliament in April . The question is , did Europe sell out its green agenda to private interests ?
The EU ’ s Corporate Sustainability Due Diligence Directive ( CSDDD ) is one of the first laws of its kind to require sustainability due diligence at the corporate level . Its groundbreaking concept is that it requires companies to consider the social and environmental impact of their operations by promoting transparency and encouraging companies to be more proactive in identifying and mitigating sustainability risks and human rights violations . The reporting requirements are designed to get companies to protect
The CSDDD represented a major change in the way businesses could operate in the EU and essentially built on another recent EU directive , the Corporate Sustainability Reporting Directive ( CSRD ). Both directives focus on increasing transparency in a company ’ s operations and throughout the supply chain and they both reflect the EU ’ s focus on sustainability with its goal of the European Green Deal to become a climate-neutral society by 2050 .
But while CSRD focuses on disclosures and operations and requires companies to look at
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