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ARTICLE · 04 JULY 2024

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CSDDD – Whatever Happened To Article 25?

Ganado Advocates
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Many will have heard of the relatively recent adoption of the Corporate Sustainability Due Diligence Directive (CSDDD or CS3D) by the European Parliament back in April 2024. Indeed, after much political haggling...

MaltaCorporate/Commercial Law
Luke Hili
Luke Hili
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Many will have heard of the relatively recent adoption of the Corporate Sustainability Due Diligence Directive (CSDDD or CS3D) by the European Parliament back in April 2024. Indeed, after much political haggling, CSDDD's scope was significantly watered-down and limited to (inter alia) large companies with over 1000 employees and an annual turnover in excess of €450 million. More so, previous efforts to throw high-impact sectors (such as textiles manufacturing and agriculture) into the mix were completely scrapped by the European legislator. This latter omission (which jars with the very spirit of the directive) has been widely publicised as a failure of diplomacy, if you will, but another notable omission seems to have flown under the radar of many. This relates to the complete removal of article 25 of the original CSDDD proposal, which focused exclusively on a 'revamped' duty of care of directors.

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