Archive

CSDDD agreed, in watershed moment, but is weakened to 'shadow of former self'

The EU passed a landmark sustainability reporting law which, although significantly weakened from previous versions, was described as "a watershed moment for corporate accountability".

Uncertainty 'looms' over EU ESG regulation after delay to CSDDD vote

Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules

The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.

'Ground-breaking' CSDDD rule secures European Parliament approval

The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament that will require companies to implement climate transition plans and disclose the impact of their value chains on human rights and the environment.

Financial institutions in scope of EU due diligence rules after vote

Financial institutions would be required to disclose climate transition plans and conduct due diligence to ensure they do not contribute to negative impacts across their value chain, under new rules agreed by an influential EU Parliamentary committee.

EU sustainability due diligence rules' finance opt-out 'extremely disappointing'

A landmark draft EU law on environmental due diligence rules for corporates will fail to bring about meaningful action as it will be voluntary for financial institutions, non-profit ShareAction has said.