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Overview of the Corporate Sustainability Due Diligence Directive; Advancing Corporate Responsibility
The Council of the EU voted on the Corporate Sustainability Due Diligence Directive (CSDDD) on May 24, 2024, marking its official adoption. Shortly after, the CSDDD will be published in the Official Journal of the EU and will enter into force 20 days later.
Member States will then have two years from the date the CSDDD enters into force to adopt measures to transpose the directive into national law.
The European Coalition for Corporate Justice (ECCJ), representing over 480 civil society, trade union, and consumer organizations from 17 countries, welcomes the long-awaited legislation which has the potential to be a real game-changer and trigger a shift in business conduct.
To achieve these goals, effective and meaningful transposition by Member States will be crucial, as well as a serious commitment by businesses to implement its rules effectively.
This overview of the CSDDD aims to highlight the main provisions of the law, helping individuals understand its scope, content and intent.This is not meant as an interpretative guidance or legal analysis of the text.