Publication
EU CSDDD explained
The EU Corporate Sustainability Due Diligence Directive (CSDDD or CS3D) is set to revolutionise corporate responsibility in global supply chains. In-scope EU and non-EU companies will be required to establish and implement processes to identify and take action in relation to the adverse human rights and environmental impacts of their operations, as well as those in their value chains. In case of infringements, companies may be held liable and face significant financial penalties. A number of changes have been made to the CSDDD as a result of the Omnibus simplification package – see our blog post: EU Omnibus I: CSRD and CS3D amendments finalised: what do you need to know? In particular, the deadline for transposition of the CS3D into national law has been postponed by one year to 26 July 2028, with in-scope undertakings required to comply with the new regime by 26 July 2029.
CSDDD explained podcast series
To aid in your planning, our podcast series explores various aspects of the in bite-sized episodes. We cover its scope and timing, application to the financial sector, penalties and enforcement, transition plans, due diligence requirements, and comparisons with the Corporate Sustainability Reporting Directive (CSRD), among other topics. Please note that these podcasts were recorded before the Omnibus changes.
