CSDDD back to square one as council blocks legislation
The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) has encountered a significant obstacle as the European Council did not provide the necessary endorsement, effectively halting its progress. This development casts uncertainty on the directive’s future, especially with the approaching European elections. Despite efforts to modify the directive for broader acceptance, opposition from key member states like Germany and Italy was a major hurdle. The directive’s aim to enforce stringent human rights and environmental standards for companies now faces a delay and potential reevaluation after the elections. For more detailed insights, you can read the full article https://www.commercialriskonline.com/csddd-back-to-square-one-as-council-blocks-legislation/