European Union adopts Corporate Sustainability Due Diligence Directive (CSDDD) requiring large companies to ensure respect for human rights within their value chains.
The European Union (EU) has adopted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark law requiring large companies to ensure respect for human rights within their value chains. This new era of corporate accountability mandates businesses to conduct due diligence, identifying, mitigating, preventing, and remedying any harmful human rights and environmental impacts in their operations and value chains. The law provides regulatory oversight and allows for civil lawsuits against corporations in European courts.
May 24, 2024
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