Companies advised to ‘plan ahead’ as CSDDD moves step closer to becoming law

EU member states have finally approved a watered-down version of the Corporate Sustainability Due Diligence Directive

The much-maligned EU Corporate Sustainability Due Diligence Directive has moved a step closer to becoming reality as EU member states finally gave an updated text the thumbs up. However, the decision to raise the revenue threshold for companies that will fall in scope of the bill and to weaken other parts of the law was roundly criticised.