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ARTICLE · 28 MARCH 2024

CSDDD: Compromise Text Agreed

Arthur Cox
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The proposal for a Corporate Sustainability Due Diligence Directive (CSDDD) was published by the European Commission in 2022. In December 2023, the Council of the EU and the European...

IrelandCorporate/Commercial Law
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The proposal for a Corporate Sustainability Due Diligence Directive (CSDDD) was published by the European Commission in 2022. In December 2023, the Council of the EU and the European Parliament reached provisional agreement however, following concerns raised by Member States, significant amendments have been made to the draft text. Last week, the Council endorsed a compromise text.

The proposed CSDDD will:

  • impose due diligence obligations on large companies regarding actual and potential adverse impacts on human rights and the environment with respect to their own operations, those of their subsidiaries and business partners; and
  • require large companies to adopt and put into effect a transition plan for climate change mitigation (Climate Transition Plan).

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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