csddd
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)
Negotiators are seeking a last-ditch compromise on new EU corporate supply-chain rules, as opposition from Italy and Germany and looming elections threaten to quash hopes for the environmental law. The bloc’s Corporate Sustainability Due Diligence Directive (CSDDD) would require companies to check their supply chains for poor working conditions or pollution – but was blocked by major EU nations, led by German finance minister Christian Lindner. In a document dated 5 March and seen by Euronews, the Belgian government – which currently chairs the EU Council grouping of member states – is seeking...
Euronews (English)
A law to defend human rights and the environment from corporate exploitation should never have been controversial in the first place. European multinational supply chains already have a hefty death toll attached. Fast fashion factories like Rana Plaza collapsing and killing over 1,000 garment workers inside. 270 people buried in the catastrophic dam collapse in Brumadinho. Children drinking oil in Nigeria due to Shell’s reckless pollution of the Delta. EU-sponsored "carbon bombs" with projected emissions that are 17 times higher than the EU’s own 2030 carbon budget limit. And still, some EU me...
Euronews (English)
New EU rules requiring companies to check supply chains for environmental and social issues now appear in jeopardy, after Germany and Italy appear to have blocked them in a secret vote by diplomats. The draft Corporate Sustainability Due Diligence Directive requires firms to ensure their business model is consistent with limiting global warming to 1.5 degrees Celsius, and lets trade unions and non-government organisations bring legal claims for breaches. But “the necessary support wasn’t found” at a meeting of national ambassadors, said a post on X by the Belgian presidency, which is currently...
Euronews (English)
In an era marked by unprecedented global challenges, the imperative of enacting robust legislation that prioritises human rights and environmental protection cannot be overstated. As the EU stands at a crossroads, facing the choice between a legislative framework that safeguards people and the planet and a path that continues on the route of business as usual, the impending EU decision on the Corporate Sustainability Due Diligence Directive (CSDDD) is a moment that will define Europe's future. CSDDD is a game-changing piece of legislation aimed at reshaping how businesses operate in Europe and...
Euronews (English)
In December, European policymakers from across the political spectrum agreed to help stop some of the world’s worst abuses — like child labour — through a game-changing law that businesses and climate activists alike could agree on. It would finally create a fair, equal set of rules for big companies, ensuring that they’re not tied to human rights abuses and environmental destruction. The law should have passed without drama last week, in what is usually a "rubber stamping" process between national governments in Brussels. But the vote was pulled at the last minute after the FDP and its leader...
Euronews (English)
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