In July 2024, the EU Corporate Sustainability Due Diligence Directive – the CSDDD – came into force and the countdown to compliance for in-scope companies began. For the many companies affected which were already in scope of the EU Corporate Sustainability Reporting Directive, the CSRD, in effect since January 2023, the logistical and financial burden…
Tag Archives: ESG
Concerns surrounding the environment have become central business issues in recent years. With increasing legislation, rising stakeholder expectations, and consumers advocating for sustainable business practices, managing and mitigating environmental risks has become more critical than ever, with companies now being expected to provide greater transparency and accountability for their environmental performance. While many organisations have…
Despite new European Union legislation governing ESG disclosure and due diligence beginning to take effect for many companies, the acronym, and how companies should respond, is the subject of some controversy. GoodCorporation invited business leaders to debate these issues under the Chatham House Rule at the House of Lords. Our host, Baroness Kingsmill, opened the…
In recent years, the increasing awareness of environmental risks and their impact on people, businesses, and the planet has driven the adoption of legislation aimed at accelerating the shift towards a more sustainable economy. A significant milestone in this journey was the European Union’s (EU) introduction of the European Green Deal in 2019. This transformative…
Now that the EU Corporate Sustainability Due Diligence Directive (CSDDD) is in force, it’s time to take a closer look at the obligations it imposes, in particular what is meant by the corporate due diligence duty. Under the new directive, in-scope companies now have an obligation to identify and address both actual and potential adverse…
Having finally cleared a number of last-minute hurdles, the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) will come into force from 2027. It will bring into play significant new demands around environmental and human rights due diligence, forcing those companies in scope to ensure that robust processes are in place to meet the directive’s obligations. …
In the week after the European Council finally agreed to progress the Corporate Sustainability Due Diligence Directive (CS3D), GoodCorporation was delighted to welcome business leaders and human right practitioners to the House of Lords to debate a Private Members’ Bill introducing mandatory human rights and environmental due diligence to the UK. Baroness Young, who proposed…
If the EU fails to pass the previously agreed Corporate Sustainability Due Diligence Directive (CS3D) it would represent a major setback for the just transition to a lower carbon economy and greater corporate sustainability. After years of tripartite negotiations between the EU Parliament, the Commission and the Council, the CS3D is going through troubled times…
On 14 December 2023, the European Parliament, Council (member states) and Commission reached a provisional deal on the EU Corporate Sustainability Due Diligence Directive (CS3D). The final draft will be published shortly and is expected to be adopted ahead of the European parliamentary elections in the Summer. Member States will then have two years to transpose the Directive into national…
The continued prominence of ESG (Environmental, Social and Governance factors) is starting to drive material change inside many corporates. This is being influenced by a number of issues the most important of which are increasing investor pressure and increased regulatory demands on corporates to meet society’s environmental and social concerns. While we expect many developments…
