What is the European Parliament's Position on Corporate Sustainability Due Diligence about?
Channel: René Repasi
Date: 2023-06-02

In this video I will explain the position that the European Parliament has adopted on 1 June 2023 on the Corporate Sustainability Due Diligence Directive (#CSDDD). It looks at the following elements of the position: 

0:00 - Intro 
0:42 - Scope
2:22 - Risk-Based Approach
3:44 - Value Chain
4:03 - Financial Services
8:27 - Transition Plans
8:46 - Supervision and Sanctions
9:23 - Civil Liability Rule 
11:00 - Directors' Duties  
12:31 - Full Harmonisation

I was myself involved in the negotiations as the rapporteur of the European Parliament's Economic and Monetary Affairs Committee (ECON) on the CSDDD. This opinion focussed on the role of and the rules for financial services. The adopted text can be found here: https://www.europarl.europa.eu/doceo/document/TA-9-2023-0209_EN.pdf