EU

Scoop – EU agrees on partial inclusion of financial sector in CSDDD

Flags flying outside European Commission hq
The decision on whether financial institutions should be covered by downstream due diligence requirements will be reviewed two years after the CSDDD comes into force (Photo: Dmitry_Rukhlenko/Envato)

Contrary to an EU official communication, certain activities of banks and other financial companies will be captured by new corporate sustainability rules

All financial institutions operating in the EU will have to comply with upstream supply chain obligations and draw up climate transition plans aligned with the Paris Agreement, after ...

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