EU Corporate Sustainability Due Diligence Directive (CSDDD) passed by EU Parliament: What are the implications?

On May 24, 2024, the EU Parliament approved the Corporate Sustainability Due Diligence Directive (CSDDD), establishing stringent new requirements for large companies operating within and outside the EU to conduct thorough due diligence on human rights and environmental impacts. The directive applies to companies with significant employee counts and financial turnovers and includes those engaged…

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