Corporate Sustainability Due Diligence Directive: European States must not U-turn

NGOs warn that the Corporate Sustainability Due Diligence Directive is at risk of being blocked in the European Council due to pressure from corporate lobby groups and internal divisions within the German government. While the authors argue the directive is a necessary step for regulating multinationals, they criticize the exclusion of financial services from its scope.

• The final adoption of the Corporate Sustainability Due Diligence Directive is uncertain because Germany may abstain from the European Council vote following pressure from corporate lobby groups.
• The NGOs argue that the directive's current form is insufficient because it excludes financial services, despite the sector's significant impact on climate change.
• The authors call on France to mobilize at the highest level to lobby European partners to ensure the directive is adopted, noting that French President Emmanuel Macron originally called for it in 2022.

APA

Guerin, O. (2024). Corporate Sustainability Due Diligence Directive: European States must not U-turn. Reclaim Finance. https://reclaimfinance.org/site/en/2024/02/27/corporate-sustainability-due-diligence-directive-european-states-must-not-u-turn/

Chicago

Guerin, Olivier. Corporate Sustainability Due Diligence Directive: European States must not U-turn. Reclaim Finance, 2024. https://reclaimfinance.org/site/en/2024/02/27/corporate-sustainability-due-diligence-directive-european-states-must-not-u-turn/.

Wikipedia

{{cite press release |last1=Guerin |first1=Olivier |title=Corporate Sustainability Due Diligence Directive: European States must not U-turn |publisher=Reclaim Finance |date=27 February 2024 |url=https://reclaimfinance.org/site/en/2024/02/27/corporate-sustainability-due-diligence-directive-european-states-must-not-u-turn/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{guerin2024corporate, author = {Guerin, Olivier}, title = {{Corporate Sustainability Due Diligence Directive: European States must not U-turn}}, publisher = {Reclaim Finance}, year = {2024}, month = feb, url = {https://reclaimfinance.org/site/en/2024/02/27/corporate-sustainability-due-diligence-directive-european-states-must-not-u-turn/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }