After weeks of uncertainty – as outlined in our previous client alert – the future of the Corporate Sustainability Due Diligence Directive (CSDDD) was secured when last minute amendments to the proposed law were eventually approved by Member States. The approved text proposes a narrower scope to what has been previously agreed in the trilogue negotiations. Meaning, fewer companies will eventually be required to comply with the rules.
On 15 March, EU27 Ambassadors agreed with the new compromise that was achieved in last minute negotiations with the European Parliament. The European Parliament’s Legal Affairs Committee approved the revised compromise on 19 March, paving the way for the last step before the formal approval of the future law. Such approval remains conditional to the timely translation to all EU languages prior to a vote by the European Parliament in plenary.
