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Corporate Sustainability Due Diligence Directive (CSDD): A New Paradigm for Corporate Responsibility

Publication date: May 20, 2024

In the face of a dynamically evolving global business landscape, the European Union is entering a new stage of reforms, moving towards a more sustainable and ethical model of economic development. The planned Corporate Sustainability Due Diligence Directive (CSDD) is an important legal act that will introduce the foundations for a new paradigm of business responsibility. On 24 April 2024, the European Parliament adopted the CSDDD compromise proposal in a plenary vote. The final adoption and announcement of the text of the directive in the wording adopted by the EP and after changes resulting from linguistic and legal verification is planned in the coming weeks.

The announced adoption of the CSDD directive will culminate an approximately four-year process of developing regulations.

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