Corporate Sustainability Due Diligence Directive Enters Force
The Directive on Corporate Sustainability Due Diligence (Directive 2024/1760) officially entered into force on July 25, 2024. This landmark legislation aims to foster sustainable and responsible corporate behavior throughout global value chains. It requires large companies operating in the EU to identify, assess, prevent, mitigate, and account for adverse human rights and environmental impacts of their operations. This development is crucial for ethical business practices and holds companies accountable for their societal and environmental footprint.
Companies now legally accountable for human rights and environmental impacts.