Michael Littenberg and Sam Elliot examine the main developments and ponder what to expect going forward.
Human rights
The Corporate Sustainability Due Diligence Directive introduces mandatory environmental and human rights obligations for certain large EU and non-EU companies.
While the frameworks share similar aims, they differ in scope and depth of requirements
Two previous attempts were withdrawn to make way for this new jointly supported bill.
New benchmark report shows challenges in turning human rights commitments into action, with pension funds outperforming banks.
The ban will be applicable from December 14, 2027 and will apply directly to all companies operating in the EU across the whole supply chain.
The only certainty is that 2025 will be another evolving – and challenging – year for ESG compliance.
The CSDDD and CSRD will eventually cover a range of large EU and non-EU companies who will need to ensure that their compliance efforts are integrated.