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Brussels Briefing: MEPs back CSDDD and exit from ECT

Cooling towers at a lignite coal-fired power plant in Germany
A lignite coal-fired power plant in Germany. Companies under the scope of the CSDDD will have to draw up climate transition plans and could be fined up to 5 per cent of their net worldwide turnover for non-compliance (Photo: Krisztian Bocsi/Bloomberg)

Due diligence laws expected to shake up business practices

All larger companies operating in the EU are being advised to start preparing for the EU Corporate Sustainability Due Diligence Directive after the European parliament finally gave it the green light after months of wrangling between member states over the law.

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