AIM - European Brands Association’s Post

Finally, we have a deal! 🎉 After a protracted period filled with uncertainty and challenges, the EU member states have reached a consensus, endorsing the compromise on the EU Corporate Sustainability Due Diligence Directive today. Despite the negotiations resulting in a narrower focus — now impacting only 0.05% of EU companies — this development marks a critical stride towards the establishment of a unified legal framework across the EU for #responsiblebusinessconduct. This forthcoming framework is poised to guide companies through the complexities of managing #humanrights and #environmental considerations within their expansive global supply chains, thereby promoting equitable standards and legal clarity throughout the #SingleMarket. A special round of applause is due for the Belgian Presidency of the Council of the European Union 2024, whose unwavering dedication and successful navigation through significant challenges paved the way for this agreement among the EU member states. We now look forward to the final ratification of the #CSDDD in the European Parliament!

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