The Corporate Sustainability Due Diligence Directive (CSDDD) was adopted in April 2024
18. 5. 2024
At the end of April 2024, the European Parliament approved the Corporate Sustainability Due Diligence Directive (CSDDD).
Companies, their subsidiaries and value chain partners should carefully identify, evaluate and minimize or even prevent all relevant risks that, as a result of their activities, products or provision of services, have negative impacts, especially in the area of the environment, human rights protection and corporate governance.
European member states ar obliged to transpose the directive into their national legislation within two years of its entry into force. The scope of the CSDDD is also extended to companies from third countries that achieve decisive turnover in the European Union.
New requirements for corporate responsibility in the area of the environment, human rights protection and corporate governance according to the CSDDD will be put into practice during the years 2027 to 2029:
Source:
eur-lex.europa.eu
www.deutscher-nachhaltigkeitskodex.de
Companies, their subsidiaries and value chain partners should carefully identify, evaluate and minimize or even prevent all relevant risks that, as a result of their activities, products or provision of services, have negative impacts, especially in the area of the environment, human rights protection and corporate governance.
European member states ar obliged to transpose the directive into their national legislation within two years of its entry into force. The scope of the CSDDD is also extended to companies from third countries that achieve decisive turnover in the European Union.
New requirements for corporate responsibility in the area of the environment, human rights protection and corporate governance according to the CSDDD will be put into practice during the years 2027 to 2029:
- from 2027, companies with more than 5,000 employees and a turnover of more than 1,500 million euros will have to apply them,
- from 2028, companies with more than 3,000 employees and a turnover of more than 900 million euros,
- from 2029, companies with more than 1,000 employees and a turnover of more than 450 million euros.
Source:
eur-lex.europa.eu
www.deutscher-nachhaltigkeitskodex.de