As the European Green Deal moves into the implementation phase, businesses, particularly those with global supply chains, face growing complexity and uncertainty. The flagship Corporate Sustainability Due Diligence Directive (CS3D) raises some concerns. ecoDa a.s.b.l - The European Confederation of Directors Associations, and 26 other associations, including BusinessEurope, published a joint statement.
📢 Key Calls for Action :
🔈 Competitiveness Assessment: Businesses urge the EU to assess the impact of CS3D and simplify burdens, especially for SMEs. Early engagement with the industry is crucial to develop practical, manageable rules.
🔈 Timely Guidance: Companies need at least two years to prepare for compliance. Delays in delivering clea andr, authoritative guidance will hinder investment in sustainability and innovation.
🔈 Harmonization: Consistency across EU Member States is essential. Fragmentation will create regulatory burdens, diminishing Europe's competitiveness in the global market.
The European Commission must prioritize simplicity, clarity, and collaboration to ensure the Green Deal’s success without stifling business growth or innovation.
▶ See the statement: https://lnkd.in/eBGiU7my
