The twin directives of CSRD and CS3D: is it beneficial to look at both Directives in parallel? In this article we look at the targets of both Directives and discuss how they intersect. Read more: https://bit.ly/3L8o0y8 #dwf #sustainability #CSDDD #CS3D #humanrights #CSRD
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Head of Sustainable Business & ESG Advisory Practice, Partner, DWF | CEO, Intelligent Ethics Limited | Sustainable Business, ESG, Leadership and Culture, Corporate Purpose
Read our latest #TrueDiligence insight below on how to approach the twin EU Corporate Sustainability Directives on Due Diligence (CSDDD) and Reporting (CSRD)👇👇 Which one is the horse and which one is the cart? Does one go before other? Nadine Robinson, MA and I explore this in detail and examine why it makes sense to approach both horse and cart in tandem. #corporatesustainability #duediligence #humanrights #impactassessment #integrity #DWF #environment #climatetransition Jayne McGlynn Liz Ramsaran Dominic Watkins Darren Walsh Hilary Ross Kurun B. Sara Farid Bhavesh Dattani Solomon Ebere Kirsty Rogers Catherine Gee Abi Duff-Walker Asad Qureshi Michelle Headrige
The twin directives of CSRD and CS3D: is it beneficial to look at both Directives in parallel? In this article we look at the targets of both Directives and discuss how they intersect. Read more: https://bit.ly/3L8o0y8 #dwf #sustainability #CSDDD #CS3D #humanrights #CSRD
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In exciting news, senior officials from all EU Member States have just approved the CS3D. While the scope of companies it will cover has been narrowed, the core of the due diligence duty and the robust approach to enforcement have been protected. In this version, more than 5000 influential European companies will need to work with their business partners to effectively manage sustainability risks based on a single set of legal expectations. Next steps? We’re nearly there – the text now needs confirmation in the European Parliament and then at Ministerial level. As we look ahead to the final steps in this process, it’s important to remember that the CS3D: 1. Is substantially aligned with the international due diligence standards, so holds the potential for real change in human rights and environmental outcomes 2. Provides incentives, guidance and support for companies to do sustainability due diligence, while giving them plenty of time to get their houses in order 3. Is supported by appropriate accountability in line with existing national laws 4. Will help prevent fragmentation of legal standards 5. Reflects unprecedented agreement across business and civil society. Shift looks forward to seeing the #CS3D cross the finish line in the coming weeks!
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It is very exciting that the EU Member States have approved the Corporate Sustainability Due Diligence Directive (CS3D). Such a long way from the “is this [human rights] a legal requirement or just something you’re saying we should do?” arguments I used to hear 10 years ago. My colleagues at Shift have run a marathon-length sprint in getting the CS3D to this stage; hats off to them. I look forward to the next chapter: defining implementation and application of the directive.
In exciting news, senior officials from all EU Member States have just approved the CS3D. While the scope of companies it will cover has been narrowed, the core of the due diligence duty and the robust approach to enforcement have been protected. In this version, more than 5000 influential European companies will need to work with their business partners to effectively manage sustainability risks based on a single set of legal expectations. Next steps? We’re nearly there – the text now needs confirmation in the European Parliament and then at Ministerial level. As we look ahead to the final steps in this process, it’s important to remember that the CS3D: 1. Is substantially aligned with the international due diligence standards, so holds the potential for real change in human rights and environmental outcomes 2. Provides incentives, guidance and support for companies to do sustainability due diligence, while giving them plenty of time to get their houses in order 3. Is supported by appropriate accountability in line with existing national laws 4. Will help prevent fragmentation of legal standards 5. Reflects unprecedented agreement across business and civil society. Shift looks forward to seeing the #CS3D cross the finish line in the coming weeks!
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A big step for human rights, showing the importance of social justice and the role of business. This topic is not only close to my heart but also a big part of my job as social sustainability manager. Excited about advancing further on this topic. #socialsustainability #humanrights #csddd
In exciting news, senior officials from all EU Member States have just approved the CS3D. While the scope of companies it will cover has been narrowed, the core of the due diligence duty and the robust approach to enforcement have been protected. In this version, more than 5000 influential European companies will need to work with their business partners to effectively manage sustainability risks based on a single set of legal expectations. Next steps? We’re nearly there – the text now needs confirmation in the European Parliament and then at Ministerial level. As we look ahead to the final steps in this process, it’s important to remember that the CS3D: 1. Is substantially aligned with the international due diligence standards, so holds the potential for real change in human rights and environmental outcomes 2. Provides incentives, guidance and support for companies to do sustainability due diligence, while giving them plenty of time to get their houses in order 3. Is supported by appropriate accountability in line with existing national laws 4. Will help prevent fragmentation of legal standards 5. Reflects unprecedented agreement across business and civil society. Shift looks forward to seeing the #CS3D cross the finish line in the coming weeks!
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🚨 CS3D Council Deal 🚨 The Belgian Council Presidency secured today a compromise on the CS3D, overcoming opposition from Germany, Italy, and France. The compromise raised thresholds for company size and eased obligations, addressing concerns about competitiveness. Key changes include: • Rising the threshold to companies with 1,000 employees and €450 million annual sales. • Withdrawal of statement urging Commission to consider financial sector monitoring for human rights and environmental abuses. If approved by the Parliament, the directive will be adopted and the Member States will begin the transposition into national law. #csddd #corporatesustainability #cs3d #duediligence
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I have used the CSDDD website to summarise some key information on the #CSDDD. In this document, you can find ▪ An overview of the CSDDD ▪ Benefits of the rules ▪ Obligations for companies ▪ The rules ▪ Next steps I'd love to hear your thoughts on the CSDDD! #sustainability #csddd #csrd
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🇪🇺 All you need to know about the EU CS3D: Join us on Tuesday, July 9, at 10:00am ET / 4:00pm CEST, as experts Greta Koch, Policy Advisor and Press Officer for the European Parliament, and Ulf Venne, VP of Enablement at Everstream, share essential insights about the CS3D policy. 🌱 Key takeaways include: - CS3D Explained: History, evolution, and impact on supply chains - Global Comparison: How the CS3D stacks up against existing regulations - Preparing Supply Chains: Practical steps for integrating CS3D compliance Experienced or new to #supplychain sustainability and compliance, this webinar offers actionable guidance on integrating #CS3D compliance into your operations. Register today ➡ https://lnkd.in/dD4wxTVs
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🌍 Exciting news today!💚 🌿 The CSDDD has been approved by the EU Member States, marking a significant milestone. 💬 The final text endorsed by the Member States is now publicly available. 👀 The EU Parliament is expected to approve this text in April. 💎 Stay tuned for more updates on this development! #EURegulation #CSDDD #CS3D #PLMJ #TransformativeLegalExperts
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The clear impact of CGST Rule 97A cannot be removed by a circular Read it more https://lnkd.in/dETgDppT Share and Spread the Knowledge
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Business & Human Rights Advisor | Enhancing Corporate Due Diligence to Safeguard Human Rights and the Environment | CSDDD, Devoir de Vigilance, Human Rights Impact Assessments, Engagement with Rightsholders
The final text of the #CS3D #CSDDD is out! Time to vote in Council hoping the German Government under pressure from the Free Democratic Party (FDP) will do the right thing! #timetovote #BizHumanRights
Member of the European Parliament for the Cologne/Bonn region (CDU). EPP coordinator of the legal affairs committee (JURI). Focus on digital policy. I am (shadow-)rapporteur for the #AIAct, #Metaverse, #GDPR and #CS3D.
After concluding the political trilogues in December on both the #AIAct and the #CS3D, the technical negotiations (including Kai Zenner and Greta Koch from my team of course) managed to wrap up in the last weeks and concluded the remaining issues. No more changes will be made - now it's up to the votes. Here you can find the final text of the Corporate Sustainability Due Diligence Directive. This will be voted in Council on February 9th and in the JURI committee on February 13th. A final vote in plenary will follow, most likely in April.
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