Environment and sustainability and Risk & Compliance / Luis Cabrera / Máximo Martín /
The clock starts ticking for companies following approval of the corporate sustainability due diligence directive
The EU act setting out companies’ obligations in relation to the human rights and environmental impacts of their activities is already a reality. Companies are now well advised to familiarize themselves fully with the obligations, and especially, the liability to be faced by the companies included in its scope (and any that will be indirectly impacted).
The EU corporate sustainability due diligence directive reached the end of a long and intricate legislative process at European institutions on May 24. All that remains now is its publication in the EU Official Journal (OJ) and its entry into force 20 days later. This much-debated and complex act which is highly impactful for companies was materially amended in the final stage of the legislative process.
