Update On The European Supply Chain Directive

On March 15, 2024, the EU member states voted in favor of the European Supply Chain Directive (Corporate Sustainability Due Diligence Directive – CSDDD) in the EU Committee of Permanent Representatives (COREPER) after a long back-and-forth. The vote, originally scheduled for February 9, 2024, had been initially canceled and postponed indefinitely. The reason for this was that numerous member states – including Germany – had already announced their abstention from the vote in advance. The final version of the directive is less burdensome for companies compared to the previous draft. While the full text of the directive has not yet been published, the key provisions are already known. This article provides an overview.