Press sources report the proposed compromise on the proposed Corporate Sustainability Due Diligence Directive (CSDD).
According to the proposed new compromise, the directive would only apply to companies with more than 1,000 employees and a turnover of EUR 300 million.
The Presidency also suggests deleting any reference to high-risk sectors, which would be subject to stricter due diligence requirements in earlier versions of the text. Furthermore, it does not want supply chain surveillance obligations to apply to the disposal of products.
The text suggests withdrawing an accompanying statement that would ask the Commission to examine whether the financial sector should also be obliged to monitor its loans and investments for human rights and environmental violations.
As for the next steps, the text will be discussed today during the Competitiveness Council meeting.
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