The CSDDD

CSDDD official document

This document details the Corporate Sustainability Due Diligence Directive (CSDDD), a European Union directive adopted on June 13, 2024. The CSDDD aims to foster sustainable development and environmental protection by holding companies accountable for their actions and those of their subsidiaries and business partners throughout their value chains. Key points of the CSDDD include: Scope: The directive applies to large EU companies and third-country companies with significant operations in the EU, exceeding certain turnover and employee thresholds. Due Diligence Obligations: Companies are required to integrate due diligence into their policies, identify and assess adverse human rights and environmental impacts, prevent or mitigate potential impacts, end or minimize existing impacts, provide remediation for damages, and communicate transparently about their due diligence efforts. Climate Change Mitigation: Companies must adopt and implement transition plans to align their business models with the Paris Agreement's goal of limiting global warming to 1.5°C. Enforcement: Member States must designate supervisory authorities to monitor compliance and impose penalties for non-compliance. The directive also establishes rules for civil liability, allowing victims of adverse impacts to seek redress. The CSDDD aims to create a level playing field for businesses operating in the internal market, ensuring that they contribute to sustainable development and the green transition while respecting human rights and the environment.

European Commission CSDDD

This link answers the following questions: What are the benefits of these new rules? What are the obligations for companies? Which companies will the new EU rules apply to? What are the estimated costs of the new rules for companies? How will the new rules be enforced? Why does the EU need to foster sustainable corporate behaviour? What are the next steps?

Worldfavor guide CSDDD explained

The document provides a comprehensive overview of the Corporate Sustainability Due Diligence Directive (CSDDD), a new EU regulation that requires companies to take responsibility for their social and environmental impact throughout their supply chains. Here's a summary of what you can learn from reading it: What is CSDDD? It's a legal requirement for large companies to identify and address negative impacts on human rights and the environment in their own operations and supply chains. Why do we need it? To ensure that businesses are held accountable for their actions and to prevent harm to people and the planet. Who does it apply to? Large companies operating in the EU, both EU-based and non-EU companies with significant business in the EU. When does it come into effect? The implementation timeline varies depending on the company size, but the requirements will be phased in between 2025 and 2028. What are the key requirements? Companies need to integrate due diligence into their policies, identify and assess their impacts, prioritize and mitigate risks, track their progress, and report their findings. What happens if companies don't comply? They could face penalties, fines, and legal action. How can companies prepare? They should start by understanding the requirements, assessing their current practices, and developing a plan to implement due diligence. By reading this document, you can gain a clear understanding of the CSDDD, its implications for businesses, and the steps companies need to take to comply. This knowledge is crucial for businesses that want to operate responsibly and sustainably in the EU market.

Rainforest Alliance Supporting-the-implementation-of-the-EU-CSDDD

The document discusses the EU Corporate Sustainability Due Diligence Directive (CSDDD) and its potential impact on smallholder farmers and their communities outside the EU. The CSDDD aims to promote responsible business conduct in global supply chains by requiring companies to address human rights and environmental issues. Smallholder farmers play a dual role as both economic operators and rightsholders under the CSDDD. While the directive offers potential benefits such as improved human rights protection and fairer business relationships, it also poses risks like buyer disengagement and increased compliance costs for smallholders. The document emphasizes the importance of accompanying measures to support the effective implementation of the CSDDD, particularly for smallholder farmers. These measures include providing information and capacity building, fostering industry collaboration, empowering producers and suppliers, and strengthening regulatory frameworks in partner countries. By reading this document, you can learn about: The CSDDD and its implications for smallholder farmers. The potential benefits and risks of the CSDDD for smallholders. The need for accompanying measures to support the implementation of the CSDDD and protect smallholder farmers. Specific recommendations for accompanying measures, such as providing information and training, fostering industry collaboration, and strengthening regulatory frameworks. This information can be valuable for policymakers, businesses, and individuals interested in sustainable supply chains and the protection of smallholder farmers' rights.

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