26 February 2024

One key move that will boost corporate sustainability

An efficient mechanism for hearing complaints and redressing grievances is a powerful tool for governance and human rights due diligence.

This month (February), members of the European Council decided to extend deliberation on the final text of the Corporate Sustainability Due Diligence Directive (CSDDD), thus delaying and potentially derailing new rules intended to compel affirmative corporate action against environmental and human rights abuses in global value chains.

This means the matter will not be considered by the European Parliament unless the Council votes affirmatively. With the European Parliament elections scheduled this June, a lengthy delay stands to significantly impact the trajectory of the law. While, ideally, this directive will be ratified, it is in some ways beside the point, especially considering overwhelming and growing public support of its cause.

Read the full op-ed on Board Agenda here.