๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ (๐๐๐๐๐)
(Post from Zsuzsanna Tajti PhD, CFA, FRM, PRM, CIA, SCR ๐ฑ)
๐๐๐ just published the โ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ฎ๐ ๐๐ข๐ฅ๐ข๐ ๐๐ง๐๐ ๐๐ข๐ซ๐๐๐ญ๐ข๐ฏ๐ (๐๐๐๐๐) โ ๐๐๐ ๐๐จ๐ฅ๐ข๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐๐ซโ,
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outlining a selection of essential aspects and implications of CSDDD, with a focus on the climateย governanceย of companies along their value chains,
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highlighting significant impacts of the Directive, alongside areas where CDPโs disclosure platform can support organizations taking steps on their environmental obligations under CSDDD.
Download: 9.1.1 CDP – CSDDD CDP Policy Explained
๐พ๐ฏ๐จ๐ป ๐ฐ๐บ ๐ช๐บ๐ซ๐ซ๐ซ?
๐๐๐๐๐ ๐ข๐ฌ ๐๐ง๐ ๐๐ ๐๐ข๐ซ๐๐๐ญ๐ข๐ฏ๐:
โก๏ธ aimed at addressing adverse humanrights and environmental impacts in global supply chains,
โก๏ธ imposing a set of requirements on large EU and non-EU companies to holistically address the most significant impacts within their value chains,
โก๏ธ requiring companies from all sectors to conduct duediligence for their value chains, the only exemption being the downstream value chains of financial institutions.
๐๐๐๐๐โ๐ฌ ๐ฆ๐๐ข๐ง ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ:
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Adverse human rights and environmental impacts
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Companiesโ value chain
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Large companies within the scope of the Directive
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Risk-based approach and obligations of means
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No double reporting obligations
๐ท๐น๐ฌ๐ท๐จ๐น๐ฐ๐ต๐ฎ ๐ญ๐ถ๐น ๐ป๐ฏ๐ฌ ๐ฐ๐ด๐ท๐ณ๐ฌ๐ด๐ฌ๐ต๐ป๐จ๐ป๐ฐ๐ถ๐ต
๐๐๐๐๐ will be applicable for a ๐ ๐ซ๐๐๐ฎ๐๐ฅ๐ฅ๐ฒ ๐ข๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐ฌ๐๐จ๐ฉ๐:
โก๏ธ 26 July 2027 (3 years): EU companies with more than 5,000 employees and EUR 1,500 million worldwide turnover and non-EU companies with more than EUR 1,500 million turnover generated in the EU.
โก๏ธ 26 July 2028 (4 years): EU companies with more than 3,000 employees and EUR 900 million worldwide turnover and non-EU companies with more than EUR 900 million turnover generated in the EU.
โก๏ธ 26 July 2029 (5 years): All other companies in the scope of the Directive.
๐๐๐ in its โ๐๐จ๐ฅ๐ข๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐๐ซโ provides a very useful overview of:
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CSDDD and its links with other legislation,
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how to get started and how to address challenges along the way, etc.
