We reported in previous blog posts (here and here) on the European Commission’s Green Deal initiatives and their impact on companies doing business in Europe as well as the significant recent headwind against these...more
The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD or Directive) entered into force on July 25, 2024, establishing a framework for companies to address risks and adverse impacts on human rights and...more
The Council of the European Union ("EU") approved the Corporate Sustainability Due Diligence Directive ("CS3D") on March 15, 2024. The CS3D contains due diligence and governance obligations that will have an extensive impact...more
Three years ago, as part of the EU’s initiative on sustainable governance, the European Commission released a lengthy study on directors’ duties. The study affirmed what many already understood: corporate decision makers face...more
The adopted position would mean that financial institutions fall under the remit of the regulation, requiring them to conduct additional due diligence on both established and new customers. On 13 September 2022, the...more
On June 21, 2022, the Council of the European Union (“European Council”) and European Parliament (“Parliament”) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (“CSRD”). A copy of...more
Das Bundesministerium für Arbeit und Soziales bringt das Gesetz zu Sorgfaltspflichten in der Lieferkette auf den Weg - bisheriger Goodwill wird zur Pflicht: Ab 2023 werden Unternehmen verpflichtet, Zulieferer und Kunden auf...more
As part of the EU Green Deal, existing EU legislation on batteries will be modernized so that all batteries on the EU market will be "sustainable, high-performing and safe all along their entire life cycle". This initiative...more