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🌍 Is Your Business Ready for the EU’s Corporate Sustainability Due Diligence Directive (CSDDD)? The EU’s CSDDD (Directive 2024/1760 https://lnkd.in/dQ-TT2JG) is set to transform how companies manage environmental and human rights impacts in their operations and supply chains. The directive primarily applies to large companies, with compliance deadlines phased based on size and turnover: 🔹 2027: Companies with over 1,000 employees and €450 million global turnover. 🔹 2028: Companies with over 500 employees and €900 million turnover. 🔹 2029: Companies with 250+ employees and €450 million turnover. While SMEs are generally not directly included, many will be indirectly impacted as suppliers to larger entities are required to comply. The CSDDD mandates companies to establish and maintain robust due diligence systems to identify, prevent, mitigate, and remediate adverse impacts on human rights and the environment. Additionally, companies must align climate strategies with EU net-zero goals, including time-bound climate transition plans. Non-compliance can lead to significant penalties, with fines of up to 5% of global turnover and civil liability provisions enabling affected parties to claim damages.   At Positive Organization, we understand the complexities of CSDDD compliance and offer tailored solutions to make it accessible and manageable: 🔹 Custom Compliance Roadmaps: Clear, step-by-step guidance tailored to your company’s unique needs. 🔹 Financial Support Assistance: Help accessing grants and planning cost-effective compliance strategies. 🔹 Sector-Specific Expertise: Tailored frameworks for industries ranging from manufacturing to technology. 🔹 Training Programs: Workshops to equip your team with skills in due diligence and sustainability reporting. 🔹 Long-Term Support: Ongoing monitoring to ensure continued compliance and progress. Turn compliance into a competitive advantage! 🌱 Let’s work together to make sustainability a strength for your business. #Sustainability #CSDDD #PositiveOrganizations #CorporateResponsibility #ESG #DueDiligence #SustainableBusiness

Let’s delve into the Corporate Sustainability Due Diligence Directive (CSDDD), its implications, and how it relates to #GRI reporting and #ESG performance. Corporate Sustainability Due Diligence Directive (#CSDDD): The CSDDD is a legislative initiative by the European Union Council. Its primary goal is to enhance responsible business conduct by imposing due diligence obligations on large companies. Key aspects of the CSDDD include: ·       Scope: It applies to both large EU companies and non-EU companies active in the EU. ·       Adverse Impacts: The directive focuses on identifying and addressing actual and potential adverse impacts on human rights and the environment. ·       Value Chain: Companies must assess impacts related to their own operations, those of their subsidiaries, and those carried out by their business partners. ·       Penalties and Civil Liability: The directive establishes rules for penalties and civil liability in case of violations. ·       Paris Agreement Alignment: Companies are required to adopt a plan ensuring their business model and strategy align with the Paris Agreement goals. ·       Transition to Green Economy: The CSDDD contributes to the EU’s transition toward a more climate-neutral and green economy as outlined in the European Green Deal and the UN Sustainable Development Goals. The CSDDD reinforces ESG reporting by emphasizing due diligence to prevent and mitigate adverse impacts on human rights and the environment. Companies that prioritize ESG reporting are better positioned to fulfill their obligations under the CSDDD. In summary, the CSDDD represents a significant step toward responsible business behavior, aligning with existing sustainability reporting frameworks like GRI and reinforcing the importance of ESG considerations. By holding corporations accountable for their impacts, this directive contributes to a more sustainable and ethical business landscape within the EU and beyond.

📢 BREAKING NEWS 📢 The EU Parliament has just passed the Corporate Sustainability Due Diligence Directive (#CSDDD)! This landmark legislation will have significant implications for companies across the EU and their global value chains. Under the CSDDD, in-scope companies will be required to conduct thorough due diligence on their actual and potential human rights and environmental impacts throughout their value chains. This means identifying, preventing, and mitigating adverse impacts, ensuring accountability and access to remedy, and promoting sustainable business practices. One key aspect to note is that these obligations won't just stop with large corporations. In order to comply with the directive, in-scope companies will cascade due diligence and data collection obligations down the value chain to all business partners and suppliers, regardless of their size. This means being prepared to provide detailed information about their own operations, practices, and impacts, along with those of their suppliers. It is no exaggeration to say that millions of MSMEs around the world, including artisans and smallholder farmers, will have to generate and report data they do not have at present. Equiception’s Due Diligence Platform and Human Rights and Environmental Due Diligence Assessments are designed to help organisations map all business partners and suppliers and provide actionable insights into risk management across their value chains while building partner capacity. Contact us to schedule a demo and learn more at info@equiception.net #CS3D #DueDiligence #HumanRights #Sustainability #ESG #CorporateResponsibility

👏The Corporate Sustainability Due Diligence Directive (CSDDD) has been officially approved by member states, marking the final step in the adoption of legislation setting mandatory obligations for large companies to address their negative impacts on human rights and the environment across their value chains. What are some of the benefits? 👫For individuals: Better protection of human rights, including labour rights. Healthier environment for present and future generations, including climate change migration. Increased trust in businesses. More transparency enabling informed choices. Better access to justice for victims.  🏢For companies Harmonized legal framework in the EU, creating legal certainty and level playing field. Greater customer trust and employees’ commitment. Better awareness of companies’ negative human rights and environmental impacts, less liability risks. Better risk management, more resilience and increased competitiveness. Increased attractiveness for talent, sustainability-oriented investors and public procurers. Increased incentives for innovation. Better access to finance. 🛤️For developing countries Better protection of human rights and the environment. Sustainable investment, capacity building and support for value chain companies. Improved sustainability-related practices. Increased take-up of international standards. Improved living conditions for people.   #CSDDD

#bignews: EU members have finally agreed to give green light to the Corporate Sustainability Due Diligence Directive (#CSDDD)👏. Although the final deal approved by the European Council is significantly reduced from the original agreement, it is a major step towards promoting corporate sustainability 🎉. What are the changes in the approved text? Updated scope 🇪🇺 Applies to companies with a turnover of €450 million and a threshold of 1000 or more employees, compared to the previous proposal which applied to companies with a turnover of €150 million and a threshold of 500 employees. 🇪🇺 Removes the high-rise sector approach. Updated implementation dates 🇪🇺 Companies with 5,000 employees and a turnover of €1500 million will be affected from 2027. 🇪🇺 Companies with 3,000 employees and a turnover of €900 million will be affected from 2028. 🇪🇺 Companies with 1,000 employees and a turnover of €450 million will be affected from 2029. What's next? The European Parliament is expected to vote on the text in April. If approved, European member states will need to transpose the text into national law. We will keep you updated on developments but companies should start preparing for the CSDDD now. How can #IntegrityNext help? IntegrityNext is ideally placed to help you on your CSDDD journey, with a strong track record of helping companies meet regulatory due diligence and reporting requirements. Benefit from our systematic and efficient approach to ESG risk management and our easy-to-use platform, which already supports many of the upcoming CSDDD obligations: https://lnkd.in/dfhBJsWW Source: Council of the EU https://lnkd.in/d4ySPFAr

📢 🔔 Big News! Today, on 24 April 2024, the EU Parliament endorsed the Council’s version of the Corporate Sustainability Due Diligence Directive (CSDDD). ⏮ Rewinding a bit, on 14 December 2023, the Parliament and the Council reached a political agreement on the CSDDD proposal. They initially set the scope of the proposed Directive to capture companies that have more than 500 employees and a net worldwide turnover of over €150 million. ⏭ Fast forward to 28th February 2024, the Council did not endorse the political agreement of 14 December 2023. However, on 15 March 2024, the Council introduced amendments to the provisionally agreed text. These amendments significantly watered down the scope of the agreed compromise of 14 December. The Council revised the scope to cover companies with over 1000 employees and a net 450-million-euro turnover. 💡 The CSDDD represents a transformative step for sustainable enterprise in the EU. Notably, entities within its scope are required to engage in extensive due diligence to mitigate negative impacts on human rights and the environment. This extends to their own activities, those of their subsidiaries, and their entire upstream and downstream supply and production chain. This Directive will bring about challenges and opportunities for business partners of in-scope companies. 📞 📧 We invite you to reach out to us if you have any questions or need assistance navigating these changes. We’re here to help! Fieldfisher Belgium Stay tuned for more updates on this transformative directive! 🌍💼 #EU #CorporateSustainabilityDueDiligence #CSDDD #CS3D #Environment #Sustainability #HumanRights #Challenges #Opportunities #Insight #Corporate #Company #SupplyChain #ValueChain

Big news for the CSDDD today as the European Parliament adopted the final text! Our article below gives an insight into what business partners of in-scope companies can expect, and provides some tips to help them navigate these new requirements (on the presumption that the text will be approved by the Council). If you have queries on this, feel free to reach out. #CSDDD #ESG

The EU has just released a Corporate Sustainability Due Diligence Directive (CSDDD), and it demonstrates for how businesses approach human rights and environmental impacts. What does this mean? ➡ Clear Expectations: The CSDDD provides a harmonized legal framework across the EU, ensuring all companies are on the same page regarding sustainability due diligence. ➡ Enhanced Risk Management: Companies will need to identify and address adverse impacts in their operations and supply chains, leading to better risk management and resilience. ➡ Increased Transparency: The directive emphasizes public reporting on due diligence efforts, fostering greater transparency and accountability. ➡ Level Playing Field: The CSDDD creates a level playing field for businesses, promoting fair competition and rewarding sustainable practices. ➡ New Opportunities: This directive opens up new opportunities for sustainability consultants to help companies navigate these new requirements and integrate sustainability into their core strategies. Key takeaways from the CSDDD: ➡ Scope: Applies to large EU and non-EU companies operating in the EU market. ➡ Due Diligence Duties: Companies must integrate due diligence into their policies, identify and address adverse impacts, and establish a climate change mitigation plan. ➡ Enforcement: The directive includes administrative and civil liability provisions to ensure compliance. Understanding and embracing the CSDDD is crucial. It's not just about compliance; it's about driving positive change and creating a more sustainable future. #sustainability #duediligence #corporateresponsibility #EU #CSDDD

🚀 Reminder about the CSDDD FAQ! The Corporate Sustainability Due Diligence Directive (CSDD) officially came into effect on July 25, 2024. To help businesses navigate these new regulations, the European Commission released a comprehensive FAQ document on the same day. This 17-page document is thoughtfully structured to provide clarity on the CSDDD by covering key areas such as: 📜 Introduction to the directive ❓ General questions about its scope 🏢 Specific company obligations 🔍 The due diligence process 📊 Reporting requirements 📅 Implementation timeline for different company sizes ⚖️ Enforcement and penalties for non-compliance 🏭 Sector-specific guidance 💼 Considerations for SMEs 🌍 International implications of the directive 🔗 Read the FAQ document here:https://lnkd.in/dt6VsMUp I highly recommend everyone read the FAQ document—it’s much more accessible than the directive itself and provides valuable insights into what lies ahead. #CorporateSustainability #CSDD #BusinessResponsibility #ESG #SustainableDevelopment

🌍 On 24 April 2024, the EU Parliament adopted the final text of the Corporate Sustainability Due Diligence Directive ("CSDDD" or "Directive"), setting a due diligence standard for corporate social and environmental responsibility. This marks a significant evolution in the EU's corporate accountability landscape.   ⏭ Next steps: The Council of the EU must approve the final text for it to officially become law.   Our experts, Wouter Vandorpe, Gerard McElwee, Peter Sellar, and Lars Raedschelders, break down the challenges and opportunities this directive brings for business partners of in-scope companies. From corporate due diligence requirements to the impact on business operations, we've got you covered.   💼 Whether you're an SME looking to expand sustainably or a business partner seeking to navigate the changing regulatory terrain, discover how this shift in corporate accountability isn't just about compliance—it's about transforming challenges into strategic advantages.   💡 Read the full article by clicking below!   Have questions about how aligning with CSDDD standards can enhance relationships, open new markets, and set your business apart in a competitive landscape? Reach out to one of our experts.   #FieldfisherBelgium #CSR #Sustainability #EURegulations