EU Faces Challenges in Reviving Corporate Sustainability Due Diligence Law

The European Union is facing obstacles in reviving the Corporate Sustainability Due Diligence Directive, with member states striving to reach a compromise ahead of the March 8 vote. The directive aims to establish corporate sustainability standards for businesses operating in the EU, focusing on environmental concerns and human rights. Despite initial support, opposition from key member states has caused an uncertain outcome. A watered-down compromise draft is circulating internally, aiming to reduce the impact on businesses, but with potential ramifications for sustainability advocates. With the March 15 deadline looming, the EU is under pressure to secure a successful vote before elections in June, or face potential fallout in the upcoming EU elections if the directive fails to pass.