EU Corporate Sustainability Due Diligence Directive: BusinessEurope reacts to the Council adoption

24 May 2024 - Reacting to today’s Council agreement which finalises the legislative process to adopt the EU Corporate Sustainability Due Diligence Directive, BusinessEurope Director General Markus J. Beyrer said: "Harmonised transposition and clear guidance for companies will be key for implementation".

"The new due diligence rules will be the biggest corporate law reform in EU’s history setting extensive obligations, liabilities and sanctions on European companies.

We expect the transposition to deliver one single rulebook as opposed to 27 different ones. Clarity and uniformity of the rules at national level will be essential as unparalleled corporate resources will have to be diverted to compliance. Support and guidance from the Commission and national authorities will be vital for companies of all sizes to be prepared and equipped. Without this mix of ingredients this impactful legislation will fail to meet its goals."