EU’s corporate supply chain law stalls; faces backlash from member states
![EU's corporate supply chain law stalls; faces backlash from member states](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/02/3934.jpg)
A law in the European Union aimed at improving corporate supply chains has been stopped by the largest member states, pushing negotiators to reassess the legislation. The Corporate Sustainability Due Diligence Directive (CSDDD) would make companies legally responsible for addressing environmental or human rights violations in their value chains.
Although Parliament and national representatives had tentatively agreed on the directive in December, key member countries withdrew their support recently.
Also read: CRIF launches ESG analytics for UK banks
Lara Wolters, the legislator responsible for guiding CSDDD through the EU Parliament, said she was “outraged at the political games being played in Council today on due diligence” in a comment posted on X.
German government spokesman Steffen Hebestreit said at a regular press conference in Berlin on Wednesday said, “There are EU elections coming up, and a new Commission will have to be found, the new majorities in parliament will find themselves.”
“Then we will have to see what can be done. But we cannot determine that at the current moment.”
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