Corporate Sustainability Due Diligence Directive (CSDDD): A new era

A recent article by Anna Georgaka, Associate at Elias Neocleous & Co LLC on “Corporate Sustainability Due Diligence Directive (CSDDD): A New Era” explores the European Council’s recent approval of the CSDDD, a directive designed to enhance corporate sustainability by mandating responsible business practices.

The CSDDD imposes liability on EU and non-EU companies for violations of human, social, and environmental rights within their operational and supply chains. Key provisions include the adoption of climate transition plans aligning with the Paris Agreement, affecting companies based on specific employee and turnover thresholds. The directive outlines a six-step due diligence process to identify and mitigate adverse impacts, enforceable through civil liability and administrative supervision. Implementation will be phased, starting in 2027 for the largest companies. The CSDDD represents a significant stride towards a sustainable and responsible corporate landscape.

For the full version of this article, you can visit both Lexology and Mondaq.

For further information, feel free to reach out to Anna Georgaka.