EU Adopts Corporate Environmental, Human Rights Enhancement Standards
Last week, the European Union announced that member states had approved the Corporate Sustainability Due Diligence Directive. This move marks the final step in the adoption of a measure that makes it compulsory for large companies to address any negative impact they have on the environment and human rights across their value chains. The directive’s final adoption had been thrown into uncertainty in the last couple of months when a previous version wasn’t approved by member states in the council. Initially, the directive was tabled by the European Commission in 2022. It detailed responsibilities of companies to identify, evaluate, prevent,…
