csddd
The EU is on the cusp of saying goodbye to the current leadership in the European Commission and European Parliament. This June, EU citizens will go to the polls to set in motion both the direct and indirect election of a new leadership structure. However, before they do that, EU member states are still agreeing on the final political goals which they have been working on for the past five years. One of the most significant of these goals was just quietly and efficiently signed off in a European Council meeting where EU ministers ticked the final political box and approved the EU’s Corporate S...
Euronews (English)
Hopes are high for new EU corporate sustainability rules to apply as of 2027 after a key lawmaker vote today (24 April). MEPs in Strasbourg voted 374 to 235 in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), which requires big companies to check supply chains for pollution or poor labour practices. The legislation has previously faced significant holdups from national governments wary of red tape – but “I am confident that we are there now,” lead lawmaker Lara Wolters (Netherlands/Socialists and Democrats) told reporters after the vote. Ministers expressing doubts over ...
Euronews (English)
French multinational TotalEnergies' intended resumption of natural gas extraction in Mozambique risks falling foul of the EU's nascent Corporate Sustainability Due Diligence Directive, NGOs have claimed. After a terror attack in 2021 killed dozens of people in northern Mozambique, energy majors TotalEnergies, ExxonMobil and Eni terminated operations in the gas-rich Cabo Delgado region. However, during a presentation of TotalEnergies’ 2023 annual results held in February, CEO Patrick Pouyanné said it intended to resume operations in the southern African country this year. NGO Climate Action Net...
Euronews (English)
24 April marks an important day in the global fight for corporate accountability. That day in 2013 saw the Rana Plaza textile factory building collapse in Dhaka, Bangladesh, killing 1,134 workers. This catastrophe was the result of a system of corporate impunity that still exists to this day. A system in which multinational companies can organise and profit from the exploitation of workers in global value chains, without taking any responsibility for their safety and the violation of their rights. The Left demands justice for all victims of corporate crimes. This is why, five years ago, I prop...
Euronews (English)
EU member states on Friday (15 March) have voted in favour of a landmark new law requiring companies to check supply chains for dodgy environmental and labour practices. MEPs and government officials struck a tentative deal on the corporate sustainability due diligence directive, or CSDDD, in December – but its future was thrown into doubt after last-minute hesitation from Germany and Italy. Now the measures seem likely to pass into law, after Italy approved a stripped-down version of the legislation at a regular meeting of diplomats in Brussels. Environmental and social activists such as Oxfa...
Euronews (English)
The Belgian government has now proposed to triple a turnover threshold to cut the number of companies cut by a landmark supply chains law, Euronews has been told. Though tentatively agreed by MEPs and governments in December, the corporate sustainability due diligence directive, CSDDD, has suffered repeated setbacks, after German finance minister Christian Lindner voiced his opposition. A proposal circulated by the Belgian government in recent days would limit the CSDDD to companies with more than €450m in worldwide turnover, as it seeks to square opposition from major member states, two sourc...
Euronews (English)
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