Legal News

EU’s Corporate Sustainability Due Diligence Directive approved and ready to enter into force

Published on: 25 April 2024
Published by an MLex correspondent

Article summary

MLex: The EU’s Corporate Sustainability Due Diligence Directive is ready to enter into force after the European Parliament approved the text today with 374 votes in favour, 235 against and 19 abstentions. The law will oblige large companies—with more than 1,000 employees and a worldwide turnover higher than €450m—to mitigate the negative impact of their activity and their value chain’s activity on human rights and the environment. The Council of the EU will formally endorse the text, which will enter into force 20 days after its publication in the Official Journal.

Popular documents