Whilst geopolitics have taken centre stage in 2022, the beginning of the year also saw a significant development in the business world, as the European Commission published the long-awaited proposal for a Directive on Corporate Sustainability Due Diligence.
Originally a proposal for a Directive on Sustainable Corporate Governance, it was expected to be published in June 2021 but was delayed by the Commissions’ Regulatory Scrutiny Board and, rather than providing general governance rules, the corporate due diligence duty is focused on ending, preventing and accounting for the negative human rights and environmental impacts of a company’s operations, including across its subsidiaries and value chains.
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