The European Parliament’s (EP) Legal Affairs (JURI) Committee adopted its final position on the Corporate Sustainability Due Diligence Directive (CSDDD) on 25 April.
The key points in JURI’s position:
- scope captures more companies than the initial proposal of the European Commission (EC), lowering the threshold to 250 employees and a worldwide turnover of over €40 million
- ‘value chain’ definition covers all upstream and downstream activities, including the marketing of products
- directors shall put in place and oversee the due diligence actions
- the inclusion of the financial sector is subject to further restrictions
- risk prioritisation of adverse impacts is added as a new provision
As a next step, the European Parliament is expected to vote on its mandate on 1 June. The negotiations with the Council will follow.