Due diligence directive: no need to reinvent the wheel
www.eesc.europa.eu › en › news-mediaJul 20, 2022 · The EESC also asks the Commission to ensure that all the pieces of the regulatory puzzle that Europe has been crafting to address the impacts of businesses all fit together (the Corporate Sustainability Reporting Directive, the Regulation on Deforestation, the new Batteries Regulation, the sustainable products initiative, the EU taxonomy for sustainable investments, and the forthcoming initiative on forced labour).
Council adopts position on due diligence rules for large ...
www.consilium.europa.eu › en › pressDec 1, 2022 · The rules of the due diligence directive apply to large EU companies and to non-EU companies active in the EU. For EU companies, the criteria that determine whether a company falls within the scope of the directive are based on the number of employees and the company’s net worldwide turnover, whereas in the case of non-EU companies the criterion is related to the net turnover generated in the EU.
Corporate sustainability due diligence - European Commission
commission.europa.eu › business-economy-euro › doingFeb 23, 2022 · The rules on corporate sustainability due diligence will be enforced through: Administrative supervision: Member States will designate an authority to supervise and impose effective, proportionate and dissuasive sanctions, including fines and compliance orders. At European level, the Commission will set up a European Network of Supervisory Authorities that will bring together representatives of the national bodies to ensure a coordinated approach.