EU: European Brands Association urges member states to support due diligence directive
"AIM urges EU member states to support Corporate Sustainability Due Diligence Directive compromise agreement"
In the coming weeks, EU lawmakers are set to pass historic legislation setting a common EU framework for responsible business conduct – the EU Corporate Sustainability Due Diligence Directive (CSDDD). While views on the precise shape of the legal requirements diverged and continue to diverge – within and across stakeholder groups – from the onset, it was clear that most stakeholders, including businesses, agreed on the need for an EU level playing field that sets common standards for responsible business conduct in global value chains while calling for caution about imposing far-reaching obligations in a time of global uncertainty and complexity.
The compromise agreement reached by EU institutions in December 2023 reflects a high level of alignment with existing internationally recognised human rights and environment due diligence standards, which AIM is committed to promoting through our AIM-Progress responsible sourcing initiative. The compromise agreement rightly requires companies to take a risk-based approach to their due diligence, allowing them to prioritise their actions and focus on actions that will have the greatest impact. [...]